Technical analysis by wolf_king888 about Symbol BTC: Buy recommendation (8/18/2025)

wolf_king888

📊 #BTC is in support, be wary of a rebound ⚠️ 🧠From a structural perspective, we're currently in an overlapping support zone on the 8-hour chart, so we need to be wary of the risk of a rebound. Short-term resistance lies around 117,000-118,500. 120,000 is extreme resistance, and I believe it will be difficult to reach directly. ➡️If the rebound fails here, we'll need to focus on the 12-hour support level, around 112,000, which was also the starting point of the rally in early August. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P#BTC USDT.P Crossing 116158 🎯TP1✔️ 🔒Lock in 50% profits💰 ➡️SL moves to breakeven⚖️#BTC Update The rebound was too weak, failing to even reach 117,000. Unfortunately, this leaves us $63 short of our second target. The long position has been exited after hitting the cost price. If the 8-hour support zone fails to hold, we will need to focus on the 12-hour support zone of 110,000-112,000.