Technical analysis by CryptoNikkoid about Symbol BTC: Sell recommendation (9/12/2025)

BTC Market Update BTC is currently ranging between $120K and $106K. If you didn’t enter near the bottom of this range, be cautious—there’s still a strong chance of rejection since the 1W consolidation isn’t finished yet. The recent liquidity grab was expected, and with the CME gap nearly filled, the market is now at a decision point. What’s next? We’re sitting in the middle of the range: If rejected, we could revisit the bottom around $106K, which would offer a stronger entry for the next leg up. If momentum continues, the next target is the top of the channel at $120K. The rejection scenario looks more likely since this push wasn’t impulsive—it was news-driven and unfolded slowly over a week, suggesting market makers may be buying to trigger short liquidations. Indicators: RSI → Each time it overheats, a cooldown follows. A better entry may be lower since this move seems topped. MACD → Still ranging, offering clear buy/sell zones. Stochastic RSI → Pointing toward a cooldown, reinforcing the rejection case. Bearish divergence → If it is forming now, it would validate this idea further. Keep and eye on it. Always remember: DYOR (Do Your Own Research).