Technical analysis by ManiMarkets about Symbol BTC: Sell recommendation (9/1/2025)

BTC (30m) Intraday: Resistance Test & Key Levels Ahead Recent Rejection: After a strong downtrend from late August highs, Bitcoin recently tested and was rejected from a significant resistance area, indicated by the red circle and the "Key Resistance 111,100 to 111,500" zone, which aligns with the 61.8% Fibonacci retracement. Strong Support Held: The price found solid support around the $107,200 level, marked by the green box and the lower red circle, leading to the current bounce. This area has proven to be a reliable base for now. Immediate Hurdle: We're currently seeing a struggle to gain upward momentum after the bounce. The immediate challenge is to break above and sustain past that $111,100 to $111,500 resistance zone. Bullish Confirmation: For any major shift back to a bullish outlook on this timeframe, Bitcoin absolutely needs to clear the $114,000 mark. Until then, expect choppy price action or further tests of the support. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.