Technical analysis by dRends35 about Symbol BTC: Sell recommendation (9/3/2025)

A small bullish engulf has now printed from the higher liquidity zone below January Support and also the long term Demand Trendline. This is now the most upward progress since the top. But we can expect buoyancy at this price point because higher liquidity triggers reversals... And some of that reversal action can come from shorts being covered (exited). ... This bounce may extend and its not really possible to know how much, but this downtrend looks very bearish with 3 fast slumps on the way down and plenty of bearish events leading up to it. So, it would appear that there is plenty of bearish cause (impetus / pressure) in this trend and its now a matter of when it will be released and impulsive downside print. It could yet be a slightly higher high - taking out the current ATH. And as I have said before, that could complete a 5 wave coil. But its not really something to bet on at this point - because with such bearish events acting as resistance above, the most logical path is that those highs do not get taken out before first a selling climax. So we don't know how big this bounce will be but sooner or later this is going to snap to the downside - either in 5 minutes or after a 0.5 bounce or slightly higher high; we will see what the bots decide. ... In the meantime, its not impossible that interesting things will happen - i'm not saying that they won't. If Bitcoin does drift up then we may see some altcoin pops. Traders that are keen / aggressive may do well jumping in on these pops - if they come. But I suggest that there is plenty of danger for longs in this area - and at some point the trap door will open. It could well be that this bounce drifts and extends. Within that time altcoins could even make some roaring moves. But if Bitcoin is very weak - which it is , then those moves come with significant downside risk for longs. ... Then whenever the selling climax prints and we get the "OMG!!!" panic, there can be really great dip buy opportunities in altcoins 👍. This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.