Technical analysis by limitlessnash about Symbol BTC: Sell recommendation (8/12/2025)

BTC #Bitcoin $122,809 resistance test rejected, $118,168 current support, 1D closed with bearish pin bar, Previous 4h also bearish with current 4H forming bearish engulfing, $116,908 next support from here, Current support test likely, if followed thru on a bearish engulfing then expect next support test.