Technical analysis by LABA_GOLD_TRADING about Symbol BTC: Sell recommendation (10/14/2025)

Chart Overview Pair: Bitcoin / U.S. Dollar (BTC/USD) Timeframe: 30 minutes Current Price: ≈ 110,706 USD Resistance Zone: 115,993 – 116,800 USD Target Point: 109,374 USD Stop Loss: 116,800 USD Bias: Bearish 📊 Technical Outlook Resistance Level: The highlighted blue zone marks a strong resistance area where BTC has previously rejected multiple times, showing that sellers are active around 116K. Price Action: After testing the resistance zone, the price dropped sharply — confirming bearish momentum. This suggests that the market may continue its downward move as long as it stays below 116,000 USD. Entry and Target: Entry Point: around 115,993 USD after a minor pullback or retest. Target: 109,374 USD, aligning with prior support and measured move projections. Stop Loss: 116,800 USD to protect against breakout above resistance. ⚖️ Risk/Reward Ratio Approx. 1 : 3, which is favorable — meaning for every $1 of risk, the potential reward is about $3. 🧠 Summary ParameterLevel (USD)Interpretation Entry115,993Ideal short entry after retest Stop Loss116,800Above resistance zone Target109,374Previous support / projected target BiasBearishSell the rallies below 116K ⚠️ Notes Watch for bearish confirmation candles (e.g., engulfing or rejection wicks) near resistance before entering. A break and close above 116,800 will invalidate the short setup. Momentum favors sellers while below 116K.