Technical analysis by VisionaryInsights about Symbol BTC: Sell recommendation (11/23/2025)

BTCUSD has pushed into a local resistance zone near 87.8k, aligning with the upper volatility band and showing early signs of exhaustion. Price is also interacting with the 38.2% retracement level, which often acts as a reversal pivot in corrective structures. Bearish Confluences Overextended into upper band resistance, historically a fade zone on this timeframe. Lower-timeframe momentum slowing, with smaller-bodied candles and wicks rejecting the highs. Fibonacci alignment at 38.2%, matching the start of prior impulsive sell-offs. Trend ribbon overhead still angled downward, suggesting broader trend pressure remains bearish. A rejection from the current zone may initiate a pullback toward deeper fib targets as BTC resets from its overextended push. 🎯 Fibonacci Targets TP1 — 38.2%: ~86,587 TP2 — 61.8%: ~85,784 TP3 — 100% extension: ~84,483 SL above 87,887TP 1 HIT