Technical analysis by dani_alizd about Symbol BTC: Sell recommendation (8/11/2025)

The long-term cup & handle pattern has played out, completing wave (3) around the $122K zone. According to Elliott Wave structure, BTC is now likely to enter wave (4), which could mean a deeper correction toward the $60K–$70K range before the final wave (5) push. Wave 5 could target new all-time highs later, but for now, caution is key — this phase may shake out weak hands before the next rally. Key Points: Cup & handle breakout already done. Wave 3 peak in place. Wave 4 correction expected before Wave 5 to ATH. Not financial advice.