Technical analysis by TPS_ACADEMY_EDUCATOR about Symbol BTC: Sell recommendation (5 hour ago)

Bitcoin succeeded in rebounding strongly from the demand area 98,500 – 100,000 USDT after a sharp decline. We saw a bullish structural breakout (BoS) followed by a clear change in trend (CHoCH) on the hourly time frame, It shows the beginning of a short-term upward corrective wave within the general downward trend. The price is currently facing a key supply zone between 106,000 – 108,000 USDT consistent with the previous downtrend, Which makes this level a crucial pivot to determine whether the correction will end here or extend towards higher areas. 🔹Possible scenarios: 🔻 Bearish scenario (likely): If the price fails to exceed the 106,000 – 108,000 supply area and strong rejection signals or reversal candles appear, We may see a resumption of the downtrend towards: ➡️ 102,000 – 100,000 as first goals, Then 98,000 – 95,000 if the demand zone breaks again. 🔹 The bullish (alternative) scenario: If the price succeeds in penetrating and stabilizing above 108,000, the way will open for an extended rise towards: ➡️ 110,500 – 112,000 as upper corrective targets. 💼 Trading opportunities: Sell from supply zone (most likely scenario): 🔸 Entry: 106,000 – 108,000 🎯 Goals: 102,000 – 98,000 🛑 Stop loss: above 108,500 Short-term corrective buying: 🔹 Entry: 100,000 – 101,000 🎯 Goal: 106,000 🛑 Stop loss: below 99,000 🧭 General trend: The general trend remains bearish in the medium term after breaking the structural support areas. But the current upward movement is a natural correction after the recent strong pullback. 💡 Note from TPS Academy: Interaction with the 108,000 area will be the key to confirming the end of the correction or its extension towards higher levels. 🏷️ #BTCUSDT #Bitcoin #SmartMoney #TechnicalAnalysis #PriceAction #TradingView #TPSAcademy 🎯 Prepared and analyzed by: TPS ACADEMY – Educator Taher Elmonier