Technical analysis by CryptoPilot about Symbol BTC: Sell recommendation (7/31/2025)

⏱ Timeframe: 4H / 1H 🔍 Method: NeoWave + Smart Money Concepts (SMC) 📍Posted by: CryptoPilot ⸻ 🧠 NeoWave Progression Update As outlined in our previous analysis, we are tracking a potential Contracting Diametric structure (A–G) originating from the March 2025 highs. 🚨 The G-Leg may now be actively unfolding. Here’s what just happened: •Price rejected sharply from the supply zone near 119,000–119,500, exactly where Wave F was expected to end. •After a drop to 115,780 (minor trendline), price bounced, but failed to make a new high, stalling at 118,700, forming a lower high → classic signature of a developing G-Leg. •This G-wave likely aims to break below Wave E low, seeking imbalance fills and structural resets. ⸻ 📊 Smart Money Confluence (SMC / ICT) •🟥 Bearish Market Structure confirmed via MSS on 1H: Lower Highs + Internal BOS •🟨 Buy-side Liquidity above 120k was already swept •🔻 Price failed to reclaim OB block around 119.5k •🧩 FVGs remain open between 114.5k–113k, acting as magnet zones •📉 Expectation: Price may now break the ascending minor trendline and accelerate toward the major structure low 📌 Primary Scenario: •Wave G of Diametric in motion •Potential structure: Zigzag or Complex Combination •Expectation: Bearish continuation to break below 113k 📌 Alternative Scenario: •If price closes above 120.5k, diametric structure may be invalidated •Watch for triangle/flat development instead ⸻ ⚠️ Risk Management Note: Price action near 118.7k–119.5k is crucial. Reclaiming that zone with strength changes the bias. Until then, sellers remain in control. 💬 Final Thought: We’re tracking the final stages of a multi-month complex correction. The rejection at supply, combined with SMC signals and NeoWave symmetry, suggests sellers may push price into deeper demand zones soon. ⸻ 📌 Follow CryptoPilot for advanced wave structure updates, market geometry insights, and ICT-style smart money traps. 💬 Share your views or alternate wave counts in the comments!