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

Bitcoin has officially broken its ascending trendline on the daily chart — a strong technical signal that the bullish momentum is weakening. Yesterday’s sharp pump was nothing more than a classic pullback to retest the broken trendline, and price is now showing signs of rejecting it. From a price action perspective, this setup often acts as a trap for late buyers, with the market typically retracing the entire pullback move. 🔑 Key Points: •Daily ascending trendline has been broken. •Yesterday’s rally = pullback retest of the broken structure. •Market likely to erase yesterday’s gains and resume downward momentum. 📊 Key Levels to Watch: •Support 1: $112,000 •Support 2: $108,000 •Invalidation: A daily close back above yesterday’s high (~$117,000). 🎯 Trading Strategy: •Wait for confirmation on lower timeframes (1H/4H) such as a CHoCH (Change of Character) or BOS (Break of Structure). •Short entries become favorable if price fails to reclaim $117k. •Initial targets: $112k → $108k. •Keep stops above the recent swing high to control risk. ⚡ Summary: The break + retest of the ascending trendline is a bearish sign. As long as BTC trades below the retest zone, the path of least resistance is down. Traders should stay patient, wait for proper entry signals, and avoid being trapped by the pullback. ⸻