Technical analysis by Ikeyhan about Symbol BTC: Sell recommendation (9 hour ago)

🔎 Chart Context •Pair: BTC/USDT •Exchange: Binance •Timeframe: 1H (intraday) •Date: 20 August 2025 •Current price: ~113,578 The chart uses Fair Value Gaps (FVG), Change of Character (CH), Supply/Demand blocks, and liquidity sweeps to track short-term moves. 📊 Key Observations 1.Overall Structure •BTC is in a clear short-term downtrend on the 1H timeframe. •Price broke down from 116,500–117,000 supply block, confirming a bearish CH 1H. •Since then, the structure has been forming lower highs and lower lows. 2.Fair Value Gap (FVG) •An FVG is marked near ~115,500–115,800. •Price is currently trading well below this zone. •Typically, market tends to retrace into FVG zones before resuming the main direction (here: bearish). 3.Liquidity Levels •Above: Liquidity around 115,000–115,800 (FVG) → potential pullback target. •Below: Liquidity pools near 112,000–111,000 demand block. •A deeper liquidity sweep could reach 110,500–111,000, marked as the downside magnet. 4.Support & Demand Zones •113,000–112,000: Nearest minor support. •111,000–110,500: Major demand block, strong liquidity resting here. 5.Resistance & Supply Zones •115,000–115,800 FVG zone: Key intraday supply area. •116,500–117,000: Higher timeframe supply where the breakdown started. 📈 Bullish Scenario (Countertrend Relief Rally) •If BTC defends 113,000 support, expect a bounce into 115,000–115,800 FVG. •This would be a retracement move, not a trend reversal. •Path: 113,000 → 115,000–115,800 → rejection. •Only a clean reclaim of 117,000 CH zone would flip short-term bias bullish again. 📉 Bearish Scenario (Higher Probability) •Trend is already bearish, so the likely path is: 1.Short retracement into 115,000–115,800 FVG. 2.Continuation lower toward 112,000. 3.Final sweep into 111,000–110,500 demand zone (major liquidity target). •This scenario is also drawn on your chart with the projected arrow. ⚡ Trading Plan •Short Setup (Preferred): •Entry: 115,000–115,800 FVG zone. •TP1: 113,000 •TP2: 112,000 •TP3: 111,000–110,500 demand •Stop: Above 117,000 (CH invalidation). •Long Setup (Risky, Countertrend): •Entry: 111,000–110,500 demand zone. •TP1: 113,000 •TP2: 115,000 FVG •Stop: Below 110,000