Technical analysis by MALBERT3468 about Symbol BTC: Sell recommendation (7/31/2025)

This chart is a Bitcoin (BTC/USD) 1-hour technical analysis Key Elements of the Chart 1. Entry, Stop Loss, and Take Profit Zones Entry Zone: Around $118,488 – $118,638 This is the ideal area to initiate a short trade. Stop Loss Point: Around $119,271 If price breaks above this level, trade setup is invalid. Take Profit Target: Initially near $117,326, then possibly to $116,495 2. Bearish Signals Sell-Side Downtrend Area: Price is approaching the upper trendline which has previously rejected price. Bearish Pattern: Potential Head and Shoulders / M-formation forming. Price failed to break above the trendline and is rolling over. 3. Zones to Watch ZoneDescription Supply Area Support ZoneAround $116,495 — major support zone where price may bounce. Demanding Area RangeBetween $117,300 – $117,600 — minor support zone (first TP target). Sell Side Downtrend Area