Technical analysis by Gems-Trades about Symbol BTC: Sell recommendation (16 hour ago)

Bitcoin is currently trading back into a well-defined supply/resistance zone after a strong impulsive move up. Previous price action shows clear rejection from this area, suggesting sellers are active and defending this level. Trade Plan: Bias: Short (sell from resistance) Entry Zone: 88,300 – 88,900 (supply area) Stop Loss: Above 89,500 (invalidates bearish setup) Target: 85,500 – 85,200 (demand/support zone) Rationale: Price has rallied into a prior rejection zone Structure shows potential lower high formation Risk-to-reward is favorable from resistance Target aligns with previous demand and liquidity area Invalidation: A strong close above the supply zone would invalidate the setup and suggest continuation to the upside.