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

Price is testing and rejecting the 112,312 level one more time.. technically, we can see how price previously tested and strongly rejected that level. Right now it’s reacting at the same zone. We are likely to see another selling pressure off of that level. Also, we can notice how the resistance level shares a nice confluence with a resistance channel trendline. This further shows high selling tendency around that price level.