Technical analysis by SineHeidari about Symbol BTC: Sell recommendation (8/9/2025)

After consolidating between $120K and $116K for two weeks, last week Bitcoin broke below this range with a strong bearish candle. 📉 Part of the leftover liquidity has been swept, but the candle formations at the top indicate profit-taking by buyers and increasing selling pressure at higher levels. On the retracement toward the $118K zone, sellers still showed dominance. As we mentioned in previous analyses, Bitcoin wouldn’t truly enter a corrective phase unless it reached the $108K–$104K zone. However, with the current market structure, a new wave of sellers is joining in, and we’re already seeing its impact on altcoins. While we may not have full confirmation yet for a sustained downtrend, the market signals suggest Bitcoin has entered a corrective phase.