Technical analysis by Khiwe about Symbol BTC on 8/9/2025

Hi there, BTCUSD has completed a five-wave impulse and entered an A-B-C corrective structure, with Wave C potentially targeting lower levels. Many traders watch for reversal signals, aiming for the $88K–$91K area. If those levels are broken, they expect a drop toward $68K–$62K. 😐 A clear break above $112K would invalidate that bearish scenario. __ 🎙️So, what do we say? What we have here, I’ll call it market manipulation. The current candle price momentum is bullish, but it suggests that Wave C is unstable. The rally from Wave C is challenged by the resistance zone pressing on Wave B, forming bearish liquidity. Overall, there is bullish momentum within a bearish territory. What we could see is the formation of a (H) leading to a low, which will be decisive for what happens next. In effect, a LH (lower high) that breaks Wave C needs to happen for a bearish indication. Many traders aim for the $91K–$88K area, and since many are looking there, these levels could entice more sellers to enter the market. Therefore, we won’t pay much attention to them. Instead, we are more interested in what will happen around $114,939—that is, the indecision area of the entire structure. Conclusion: 🦉 Due to bull candles under a strong resistance zone, the market structure is currently neutral overall with conflicting signals with no clear direction. Happy Trading, Khiwe.On its Wednesday bullish close, it surged even higher to 123,715 after reaching the high we had expected. It attracts sellers to the 115,729 target area now by playing on trade psychology, patience, and the current liquidity loop.Price made an ABC corrective move, but it did not make the LH. The LH needs to have a clear (L). So we notice how it plays on that LH we want to see. It can be suggested that it is already there, but that is just an impression. Remember, the market plays on impression over your perception. Clarity is the holy grail indicator.That is fine. Closed.