Technical analysis by Ikeyhan about Symbol BTC: Sell recommendation (8/16/2025)

🔎 Chart Context •Pair: BTC/USDT •Exchange: Binance •Timeframe: 4H (240M) •Date: 16 August 2025 The chart applies price action, liquidity sweep, demand/supply zones, and FVG (Fair Value Gaps) to forecast market behavior. 📊 Key Observations 1.Major Highs & Lows •Recent Highs: 124,474 and 123,218 •Key Resistance: 122,335.16 zone •Significant Lows: 112,650.00 and 111,920.00 (highlighted as potential liquidity target) These represent liquidity pools where institutional activity often occurs. 2.Current Price •Trading around 117,621 – 118,235 zone at the time of charting. •Price is consolidating after rejection from 124,474 top. 3.Liquidity Structure •Market swept liquidity above 124,474 and quickly rejected, signaling a potential distribution phase. •Below, untested liquidity exists near 111,920, which is marked as a probable downside target. 4.FVG & Demand Zones •A Fair Value Gap (FVG) remains open around 115,200–116,500, which price could retest before further downside. •Stronger demand lies around 111,920–112,650, likely to act as a magnet if the retracement deepens. 5.Resistance Zones •122,335–124,474 is a strong supply block / distribution zone, which caused the sharp rejection. •Any bullish recovery will need to reclaim 120,247 and 119,800 to sustain upside momentum. 📈 Bullish Case (Less Likely, Countertrend Scenario) •If BTC holds above 115,200–116,500 FVG zone and forms higher lows: •First target: 119,800 (minor supply). •Second target: 122,335 (major resistance). •Reclaiming this zone could trigger a retest of 124,474. •However, this requires strong demand and volume, which currently looks weak. 📉 Bearish Case (Higher Probability Scenario) •After liquidity grab at 124,474, rejection suggests continuation lower. •Likely retracement path: •Retest 116,500–115,200 (FVG zone) •Break below to sweep 112,650 •Final downside liquidity target: 111,920 This scenario aligns with the chart projection arrow pointing toward 111,920.88. ⚡ Trading Plan •Short Entries (Preferred Play): •At 119,800–120,247 (supply retest) •At 122,335 zone (distribution block) •Target 1: 116,500–115,200 (partial close). •Target 2: 112,650. •Target 3: 111,920 (main liquidity sweep). •Stop-loss: Above 124,474 high. •Long Setup (Countertrend, Risky): •Entry at 115,200–116,500 (FVG) •TP1: 119,800 •TP2: 122,335 •Stop: Below 114,700