Technical analysis by melikatrader94 about Symbol BTC: Sell recommendation (7/19/2025)

Hello guys! Do you remember the last analysis? Now this BTC chart shows a textbook example of two consecutive QML (Quasimodo Level) patterns forming (QML1 and QML2), each confirmed by clean engulfed lows. QML1 caused a strong drop after the high was broken and a new low formed. Price retraced and created QML2, again with a confirmed engulfed low (engulfed2). We're now likely to see a reaction at the QML2 supply zone. If price respects this second QML zone, we could see another bearish move toward the 116k zone, possibly lower.