Technical analysis by Mihai_Iacob about Symbol BTC: Sell recommendation (8/21/2025)

1. Recent Context In my previous BTC analysis, I wrote that as long as the ascending trendline held, bulls had nothing to fear. But on Monday, that line was broken to the downside. After a few hesitations, I decided to close my long positions around 116k. ________________________________________ 2. The Key Question Can bulls defend 110–111k, or are we heading for a deeper correction? ________________________________________ 3. Why the Chart Looks Weak Short-Term •The trendline break changes the bullish structure. •Bulls must defend 110–111k; if this zone cracks, the damage could be significant. •To regain momentum, BTC must break back above 120k. Without that, upside looks limited. ________________________________________ 4. Trading Plan At this point, I’m out of the market. •I won’t buy into 111k support even if a rebound is probable. •Instead, I’ll treat that rebound as a chance to sell short at better prices. •120k zone is the ideal level for a short setup, both technically and from a risk/reward perspective.