Technical analysis by vmoradian6 about Symbol BTC: Sell recommendation (8/22/2025)

Hello friends, as I predicted in my previous idea, Bitcoin has started its retracement wave and I think it will continue to the range of 119-120 thousand. Bitcoin gave its last chance to exit today before starting its extensive correction. Elliott wave analysis shows that Bitcoin has completed its main wave 3 at the price of $ 124,500 and the price drop from this range to $ 111,500 was actually the first wave of the corrective impulse wave series. I expect the price to rise to the range of $ 120,000-119,000 and this will actually be the second wave and after that Bitcoin will have a big drop to the range of $ 100,000. We will not have a new NATH.I will active my position in 120k . I think Btc will attack 118500 soon .I haven't opened my short position yet and my position will be automatically opened at $120,000. Bitcoin can still reach $120,000.