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

📉📈 Bitcoin’s Make or Break Moment – Eyes on $116,500 🧠⚡ Hey Traders! Quick BTC update following the full market breakdown I just posted. 👉 Watch the full update here: S&P 500 on the Edge – Crypto Awaits the Signal 🔥 🎯 Let’s zoom in on Bitcoin: - Price is consolidating right at the MAJOR/BIGGEST level - The previous ascending channel has now become a key area of interest - Reclaim $116,500 → opens the path to a bullish continuation - Dip below $115,000 → exposes a move toward $110,000 We're in a ⚖️ 50/50 zone — but now with added structure. 🟦 I've marked $116,171 as a reaction level before the breakout test at $116,525 🟥 The downside becomes very real under $115,000 I like being bullish — but I'm not going to FOMO in. The chart is demanding my attention right now. 💬 Where I Stand in the Market: ✅ I prefer Bitcoin over stocks — especially as the S&P 500 sits at all-time highs under pressure (post) ✅ Ethereum remains stronger than BTC at this stage — better structure, stronger trend ❌ I do not prefer altcoins over BTC right now — many remain under resistance and lack leadership S&P 500 still holds the macro key. Until we get clarity there, all crypto positions require careful planning. But inside this space, I’m going ETH > BTC > Alts for now. 🔑 Final Note: This setup is forming in real time. If BTC breaks above $116,500 , I’m ready to turn bullish again. Below that? I stay cautious, composed, and prepared. One Love, The FXPROFESSOR 💙 Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈