Technical analysis by SeoVereign about Symbol BTC: Sell recommendation (6/21/2025)

We are the SeoVereign Trading Team.With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.🔔 Follow us to never miss a market update.🚀 Boosts provide strong motivation and drive to the SeoVereign team.--------------------------------------------------------------------------------------------------------Currently, Bitcoin appears to have entered a downward phase based on the counting criteria. A movement breaking below the S1 support line has been detected, which I previously mentioned as a signal to consider a mid-to-short term bearish trend.From a trend perspective, a bullish reversal has not yet occurred. The reason is that on the 20th, when the 105550 level was broken upward, a strong momentum-driven upward move did not follow. If a true trend reversal had occurred at that point, there should have been immediate strong buying pressure without a whipsaw movement after the breakout. However, the market quickly reversed downward, indicating that selling pressure still dominates.At that point, I was preparing a long idea, but as the bearish trend became clear, I chose not to upload it. At the same time, the 1.414 butterfly pattern I personally developed was confirmed, further supporting the continuation of the downward trend.As a result, I have continued to hold the Bitcoin short position that began with the idea on the 11th, and I plan to provide further analysis and idea updates as market movements unfold.I wish you sound judgment in the market and continued good fortune.first tp hit!!ALL TP HIT!![Take-Profit (TP) Design]In this update, I will explain why the 98,875 level, which was previously presented in this idea, could act as a turning point, and the reasoning behind setting this level as the target price to close the short position near the bottom.The 98,875 figure was not presented as a simple take-profit level but was thoroughly designed in advance. It was derived based on the consistency of technical analysis and wave counting. Specifically, it was supported by the 0.886 retracement level of the Deep Crab harmonic pattern, and the fact that the 1.414 Fibonacci extension was not exceeded is also noteworthy. Additionally, the wave counting flow within the 1.272 Fibonacci extension area also supported this level.With multiple pieces of evidence converging at this point, 98,875 was presented as the final target level. As anticipated, a slight rebound occurred at this level, followed by the formation of a bullish divergence, a whipsaw movement, and a subsequent rebound. As a result, it was possible to take profit from the short position near the local bottom in the short term.Of course, since there is still a possibility that the previous low could be broken as the wave progresses, a small portion of the position is still being held.Utilizing harmonic patterns for take-profits allows for precise zone setting and, with risk management in place, can be a strategy worth attempting.Please refer to this in your future trades. Thank you.