Technical analysis by cakpras about Symbol BTC: Sell recommendation (8/5/2025)

Bitcoin is currently trading at 114,420 USDT on the 45-minute timeframe. This setup highlights a structured technical analysis using Ichimoku Cloud, Fibonacci retracement, and clearly defined support/resistance levels. Key price zones: - Resistance: 115,723.51 / 114,831.13 - Mid-range: 114,279.06 / 113,832.86 - Support: 113,386.67 down to 109,605.37 A downward arrow suggests a potential revisit to lower support zones, possibly around 105,824.08 USDT, indicating a watchlist area for accumulation or bounce confirmation. 💬 “Monitoring BTC’s reaction around key Fibonacci levels. Potential support zone in sight.”