Technical analysis by fred971 about Symbol BTC on 7/25/2025

market is respecting key support/resistance or channel boundaries. These points often become decision zones where big moves occur. Signs this could be a fakeout: BTC wicks above a resistance or below a support with little follow-through Volume spikes only on the wick, then dies quickly Price reverses back into the range soon after breaking it If BTC recently broke a trendline with low volume, it smells like a trap move — a liquidity grab. If it’s testing support again after failing to rally, and volume is increasing on red candles, a leg down is possible. However, macro trend is still up unless we lose a major higher low (say, sub-$60k or sub-$56k depending on your chart).