Technical analysis by TradeWithMky about Symbol BTC: Sell recommendation (8/3/2025)

Bitcoin has broken below a key trend channel on the 4H chart, currently trading around $113,891. Price is reacting after a sharp drop, approaching a major demand zone located between $107.5K and $109K, which previously acted as a strong support. 📉 Downside Potential: Main Demand Zone: $107.5K – $109K A possible bullish reaction is expected here if buyers step in aggressively. 📈 Upside Targets if Price Rebounds: First Target: Upper boundary of local channel – ~$117.5K Second Target: Full bullish recovery – ~$135K ⚠️ Note: This move comes after an extended consolidation and a sudden breakdown. Pay close attention to the lower boundary zone, as failure to hold could trigger a deeper correction. 📊 Chart Type: BTCUSDT – 4H (Binance) 🔧 Tools Used: Trend Channels, Support/Resistance Zones 📅 Date: August 3, 2025