Technical analysis by melikatrader94 about Symbol BTC: Sell recommendation (8/24/2025)

Hello guys! Bitcoin has been trading inside a clear range after breaking the previous trendline. We had a Supply & Demand (S&D) reaction at the range’s beginning, and price is now moving lower after failing to hold above the broken trendline. Currently, Bitcoin is approaching the demand zone (highlighted in blue). If price respects this area, we could see a bounce. Otherwise, a breakdown could trigger further downside movement along the lower channel. For now, the bias remains cautious, watching how the price reacts to the 111,000–112,000 USDT zone will be key.