Technical analysis by CryptoPilot about Symbol BTC: Sell recommendation (8/17/2025)

On the 3H chart, Bitcoin is showing signs of weakness after failing to hold above the mid-channel resistance. Price action is rolling over, with a clear break of the short-term trendline and rejection at ~118.5k. 🔹 The structure suggests BTC is forming a corrective leg, with the next major liquidity pool resting near 112,000 – 111,500 (highlighted green zone). This level also aligns with: •Prior demand block & consolidation base •Lower boundary of the short-term channel •Key Fibonacci retracement cluster If buyers fail to defend this zone, we could see acceleration toward the deeper supports around 109k. 📊 Scenario Path (Orange Projection): •Short-term consolidation under 118k •Breakdown continuation toward 114.5k (intermediate support) •Final sweep into 112k liquidity zone before any strong rebound attempt ⚠️ Risk factors: •A reclaim of 121.5k invalidates the bearish scenario and opens the door to retesting 125k. •Watch funding rates & BTC.D — a sudden risk-off move in alts could accelerate the drop. 🎯 Trading Outlook (Not Financial Advice): •Short bias while below 118.5k–121.5k •Main target: 112k •Tight stops required due to volatility