btcusd technical analysis , focous on key levels

This chart represents a technical analysis of Bitcoin (BTC/USD) on a 1-hour timeframe using harmonic patterns and key price levels. Here’s a breakdown of its meaning:

1. Harmonic Pattern (Gartley or Bat)
The chart displays a harmonic pattern (potentially a Bat or Gartley pattern) with key Fibonacci retracement and extension levels.
Points labeled X, A, B, C, D form the structure, which traders use to anticipate price reversals.
2. Sell Zone & Resistance Area
A "Sell Zone" is marked in the gray rectangle where the price is expected to face resistance.
The strong position label suggests that this area is considered a significant resistance level where sellers might step in.
3. Expected Price Movement
The blue downward arrows suggest that the price might decline after reaching the resistance zone.
The analysis indicates a potential retracement towards the lower support zone (~$81,000).
If resistance holds, traders might short BTC/USD in this area.
4. Key Price Levels
Current price: ~$84,242
Sell zone: ~$85,000 - $87,000
Support zone: ~$81,000
Lower support: ~$77,667 (red line)
5. Trading Strategy
Bearish Scenario: If BTC/USD fails to break the resistance, traders might look for short opportunities.
Bullish Scenario: If BTC/USD breaks above the sell zone, a further rally could occur.
Would you like help analyzing the possible trade setups based on this chart?