Technical analysis by RSI_Trading_point about Symbol BTC: Sell recommendation (7/11/2025)

Bitcoin (BTC/USDT) on the 1-hour timeframe: 🔽 Bearish Target Points (Downside Levels): First Target: ~116,157.55 USDT This level is close to the upper edge of the Ichimoku Cloud (Kumo), which can act as initial support. Second Target: ~113,686.49 USDT This is the deeper pullback level, marked clearly as the main "Target Point" on the chart. It aligns with historical structure and is near the lower part of the cloud. 🧠 Summary: The chart suggests a potential pullback from the recent all-time high (~118,110 USDT). If price breaks below 116k, the next major support is ~113.6k. Traders might look for buy entries at these levels if price action confirms support.trade active