Technical analysis by THE_WINING_HUB about Symbol BTC: Sell recommendation (10/10/2025)

Bitcoin (BTCUSD) is currently trading near 121,700, showing signs of potential downside continuation as market structure weakens below key resistance levels. I anticipate a move toward the 118,200 zone, where the next support lies, with the possibility of extending to 114,700 if the bearish momentum accelerates. 🔹 Technical Outlook Entry: 121,700 Resistance: 126,200 Target 1 : 120,300 Target 2 : 118,200 Support 1: 118,200 Support 2: 114,700 Bias: Bearish while below 126,200 Price Action: BTCUSD is forming a lower high structure on the H4 and daily timeframes, indicating sellers are gradually gaining control. The rejection near 126,200 aligns with a confluence of resistance — previous supply zone + moving average cap. Trend Confirmation: The RSI has started to dip below 50, showing weakening momentum and potential for continued downside. MACD histogram turning negative supports bearish sentiment. Price below the 20 EMA on 4H charts — a sign that short-term bias has shifted to the downside. If Bitcoin breaks below 118,200, it may confirm a deeper retracement toward the 114,700 demand zone, where buyers could look for potential re-entry signals. 🔸 Fundamental Analysis U.S. Government Shutdown Uncertainty The ongoing fiscal uncertainty and political gridlock in the U.S. have created mixed market sentiment. While shutdown fears can sometimes boost Bitcoin as a hedge, liquidity concerns and short-term risk aversion are weighing on speculative assets. Rising Treasury Yields & Strong Dollar The U.S. Dollar Index (DXY) remains firm, pressuring risk assets, including Bitcoin. Higher yields tend to attract investors back to traditional assets, draining capital from crypto markets. Profit-Taking After Recent Rally Following Bitcoin’s strong run in recent weeks, traders appear to be locking in profits, increasing selling pressure around resistance levels. ETF & Regulation Headlines While optimism around potential Bitcoin ETF approvals continues, recent delays and regulatory uncertainty from the SEC have dampened sentiment — limiting upside momentum in the short term. Geopolitical Unrest & Risk Sentiment Heightened geopolitical tensions have paradoxically strengthened the USD instead of Bitcoin, reducing its “digital gold” appeal for now. ⚙️ Trading Plan Scenario 1 (Bearish Continuation): If BTCUSD closes below 118,200, expect an acceleration toward 114,700 — potential profit-taking zone. Scenario 2 (Invalidation): A daily close above 126,200 would invalidate the bearish bias and could trigger a bullish reversal toward 128,000–130,000. Risk Management: Stop-loss placement should be above 126,200, maintaining a 1:2 risk-to-reward ratio for short trades.BTCUSD First Target Achieved! Together, We Trade Smart — 122,500 , --> 120,300 Looking for all target🎯 hit enjoy BTCUSD tradesAll Target achieved successfully. Our analysis Get profit nicely done👍 enjoy your profit guy's 😇