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

After dropping from the $124,000 zone, Bitcoin’s first close below $112,000 delayed any hopes of a quick rebound for buyers. The next close under $110,000 triggered another wave of selling pressure, adding momentum to the downside. As we highlighted earlier, the $106,000 level is a key take-profit zone for many short-term sellers – including us. We’ve closed our short positions around this area and are now waiting to see how price reacts to this level before looking for the next entry opportunity. So far, this ~10% decline has played out exactly as anticipated – hope you managed to catch the move with us. ✅