Technical analysis by SeoVereign about Symbol BTC: Sell recommendation (8/23/2025)

I would like to share my perspective on the Bitcoin short position as of August 23. The basis for this idea is twofold. First, the upward movement in the 118,684 ~ 117,435 range appears to be an impulse. The reason is that wave 5 forms a 1.272-length ratio of wave 1. Second, if you look at the red trendline, you can see that the downside breakout has begun. Therefore, I believe that adopting a bearish perspective is more reasonable. The target average price for this position is 114,340. I hope you achieve good results. I will continue to track price movements and update this idea to monitor future trends as well. Thank you.