Technical analysis by Ikeyhan about Symbol BTC: Sell recommendation (8/31/2025)

🔎 Chart Context •Pair: BTC/USDT •Timeframe: 1H •Current price: ~109,399 •Bitcoin is in a short-term bearish trend, with consistent lower highs and lower lows since rejecting 117,429. •The chart highlights a potential relief bounce into supply zones, before continuation toward 106,000. 📊 Key Observations 1.Market Structure •Major high: 117,429 (strong rejection). •Recent lower highs: 115,666 → 113,485 → 112,625. •Last swing low: 107,350 with minor relief bounce in play. •Overall structure: bearish, favoring downside continuation. 2.Support & Demand Zones •108,666 – 107,350: Current demand area, temporary support. •106,000: Marked liquidity target; a key downside magnet. •Below 106,000 → potential continuation toward 104,500–105,000 if selling pressure accelerates. 3.Resistance & Supply Zones •110,345 – 110,862: Immediate intraday supply zone. •112,371 – 112,625: Secondary supply / breakdown origin. •115,000+: Stronger resistance, unlikely to be reclaimed without higher timeframe reversal. 4.Liquidity Map •Buy-side liquidity: Above 110,862 & 112,625 (short-term stops). •Sell-side liquidity: Below 107,350 and 106,000 (primary target). •The chart shows price likely to engineer a bounce into supply before continuation lower. 📈 Bullish Relief Scenario (Countertrend) •Price holds 107,350–108,666 support. •Short-term bounce path: •TP1: 110,345 → 110,862 •TP2: 112,371 → 112,625 (secondary supply) •This move would likely just be a retracement before continuation down. •Invalidation: Break above 113,000–113,500. 📉 Bearish Scenario (Higher Probability) •BTC rejects from 110,345 – 110,862 supply zone. •Path: •Selloff resumes → sweep 107,350 •Target: 106,000 liquidity level •A clean 1H close below 106,000 could trigger further downside into 104,500–105,000. ⚡ Trading Plan Short Setup (Preferred): •Entry: 110,345 – 110,862 (supply zone rejection) •TP1: 107,350 •TP2: 106,000 •TP3 (extension): 104,500 •Stop: Above 112,000 Long Setup (Countertrend): •Entry: 107,350–108,000 demand defense •TP: 110,345 → 110,862 •Stop: Below 107,000