Technical analysis by bigkid803 about Symbol BTC: Sell recommendation (21 hour ago)

This is part 2 of my analysis on BTC since we had the initial All Time High and the Break of Structure that led to all of this downfall. Please see the previously posted analysis on BTC and the analysis on ETH to see how the market structure has been playing out. As mentioned in my previous post, don't follow the hype of Tariffs, Flash Crashes, and other non-sense reasons as to why BTC is dumping to these levels. This is a clear technical breakdown that is following how I "Read" market structure. After the ATH of ~ 125K, we had a Break of Structure on the H4, that pulled back to what I call the "source" and then gave a strong rejection. This was followed by a Daily Break of Structure, and then a Weekly Break of Structure as well. This almost always leads to a continued rejection, and the target is the Daily "Source Zone" and then the Weekly Demand Source Zone. As of today, we have fallen down through the Daily Source and are just inside of the large Weekly Source Zone (~77K - 88.5K). We will now have to dive down into this zone and look for the Daily Source to see more precisely where BTC is going. The daily range is between 77K - 80K, so that is the most likely target. Being a daily source within a weekly source, there should be a strong volume of buyers at this level, and we should see BTC spring back up from there.