Technical analysis by MyTradingJournal6th about Symbol BTC: Sell recommendation (8/19/2025)

Price: ~$114.7K at write-time; day range ~$114.6–117.0K. Trend: Lower highs; trading under MA “equilibrium” (~$117–118K). Key Zones: Support: $114.8K → $112K → $110–112K (reaction) → $104–102.5K → $99–101K (major). Resistance: $118K → $121K → $124–126K (major) → $129–132K. Plan: Bearish: Below $114.8K, expect $112K → $110–112K; if $110K fails, then $104–102.5K → $99–101K. Bullish: Above $118K, target $121K → $124–126K; clean break over $126K → $129–132K. Invalidation: Shorts invalid if daily close >$118K; longs invalid if $110K breaks. Flows & Catalysts: Spot BTC & ETH ETFs saw fresh outflows → mild risk-off tone. Derivatives liquidations >$200M in 24h → volatility pockets. Macro: FOMC Minutes Aug 20, Powell at Jackson Hole Aug 22, US GDP Q2 Aug 28, Core PCE Aug 29. Bias: Bearish/neutral below $117.5–118K; bullish only on decisive reclaim.