Technical analysis by amir9 about Symbol BTC: Sell recommendation (8/28/2025)

Price has recently broken above the descending trendline and tested the 0.618 Fib retracement (~114,077) before facing rejection. The current short position is aligned with the idea of a pullback after hitting this resistance zone. Key Levels: Resistance: 114,000 – 114,500 (0.618 Fib) Support: 112,000 (0.382 Fib) and 110,700 (0.236 Fib) Next major demand zone: ~108,700 Outlook: As long as price remains below 114k, the bias stays bearish in the short term, with potential continuation toward 112k and possibly 108.7k. A strong breakout and close above 114k would invalidate this setup and could trigger a move toward 115.5k – 117k.