Technical analysis by Youriverse about Symbol BTC: Sell recommendation (7/15/2025)

The move began with a strong rally that peaked near the $123,000 level. After hitting that high, Bitcoin quickly reversed and sold off aggressively, forming a classic V-shaped pattern. This type of formation typically indicates a strong shift in momentum, where bullish control is quickly overtaken by sellers, leading to swift downward movement. 4H bearish FVG Shortly after the initial drop, Bitcoin made a retest of the bearish 4H FVG (Fair Value Gap) around the $119,000 to $120,500 zone. This fair value gap was created during the sharp move down and represented an area of inefficiency in price. The chart shows that price moved back into this zone and was “perfectly retested,” getting rejected almost immediately. This rejection confirmed that sellers are respecting this imbalance, turning it into a short-term resistance level. Market structure As the price failed to reclaim the fair value gap and continued lower, it broke the market structure at around $117,000. This break suggests that the previous higher low was taken out, signaling a bearish shift in the intermediate trend. The market structure break often acts as confirmation that buyers are losing control and lower prices are likely. CME gap Adding to the downside pressure is the CME gap, labeled as the "BTC CME GAP" on the chart. This gap spans from roughly $114,000 to $116,300 and was formed over the weekend when the CME (Chicago Mercantile Exchange) was closed. Historically, Bitcoin has shown a tendency to "fill" these gaps by revisiting the price levels within them. The current price action has already started to dip into this region, which could suggest further downside to complete the gap fill. Bullish 4H FVG with support Finally, the chart hints at the potential drop to the lowest 4H FVG and previous resistance, located just above $111,000. This fair value gap aligns closely with a prior resistance level from earlier in the month, making it a logical magnet for price if selling pressure persists. It represents a confluence zone where buyers may look to step in again, especially if the CME gap is filled and the market is searching for support. Conclusion In summary, Bitcoin is showing bearish technical signs following a V-shape top and a strong rejection from the 4H FVG at $120,000. The break of market structure and ongoing fill of the CME gap suggest that further downside toward the $111,000 level is a strong possibility. Traders should watch closely for price reaction in that lower fair value gap zone, as it could serve as a critical area for a potential bounce. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like and leave a comment, I’d love to hear your thoughts!