Technical analysis by IvyMorgan about Symbol BTC: Sell recommendation (10/17/2025)

After peaking at $109,236, Bitcoin began a sharp decline, forming a series of lower highs and lows. FVG gaps appeared between $115,000 and $109,000, indicating sellers are in control and buying momentum is declining. The price is now trading around $106,770, a strong support area that has been tested several times previously. If selling pressure eases, we may see a short-term technical bounce before any broader move. The Kumo cloud shows that the area between $109,000 and $109,200 represents solid resistance, as the recent candles failed to break through. As long as the price is below the cloud, no bullish reversal can be confirmed yet. Economically, the Federal Reserve's aggressive policy continues to be a drag on risk assets like Bitcoin. High interest rates and the absence of indicators of reduction push investors towards the dollar and bonds. Regulatory tightening in America and Europe and tension between Washington and Beijing also increase caution in the market. According to the current structure, Bitcoin will likely continue its decline towards $105,000–104,500, a major support area, and if it fails to hold there, it may fall to $102,000 or even $100,000.