Technical analysis by melikatrader94 about Symbol BTC: Sell recommendation (9/4/2025)

Hello guys! After a strong run inside the ascending channel, Bitcoin has finally broken its trendline support. This is often the first warning that momentum is shifting from bullish to bearish. Right now, price action is pulling back and looks ready to retest the broken trendline around the 111,300–111,400 zone. This level also aligns with a small supply area, making it an important zone to watch. From a technical perspective, this retest could serve as the perfect setup for sellers to re-enter the market. If price gets rejected here, the next logical target sits at 109,857 , which is the nearest major support. Scenario Outlook 🔼 Upside: Limited unless Bitcoin can reclaim 111,500 and hold above it. 🔽 Downside: A rejection at the retest zone opens the path for a move toward 109,857. This makes the current structure look like a classic bearish retest setup: break → pullback → continuation. 📌 Scenario: Price touches the broken trendline, finds resistance, and then moves down toward 109,857 support. Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.