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

BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSDT.P BTCUSDT.P BTCUSD.P BTCUSDT.P BTCUSDT.P BTCUSDT.P BTCUSD.P BTCUSD.P BTCUSDT.P BTCUSD.P BTCUSD.P BTCUSD.P BTCUSD.P BTCUSDC.P BTCUSDT.P BTCUSD.PM BTCUSDC.P BCHUSDT.P Market Analysis: BTC The market has recently shown a clear breakdown below the previously established support zone around $108,651, confirming a short-term shift in sentiment from bullish to bearish. This breakdown indicates that buyers failed to defend a key level that had previously acted as a strong base for upward moves, suggesting that sellers have now regained control of the short-term market momentum. Following the break of support, the price has continued to trade below the zone with limited signs of immediate recovery. The current candle structure reflects sustained pressure from the sell-side, with only a minor lower wick indicating an attempt by buyers to absorb liquidity after the initial flush. However, unless the price quickly reclaims and sustains above $108,651, this region will likely act as a new resistance zone, capping any short-term recovery rallies. The next key area of interest now lies around the $97,568 support zone, which serves as the next major liquidity base and potential demand region. This level has historical importance and could attract fresh buying interest if price continues to decline in the coming sessions. A test of this zone could provide the market with the potential to form a temporary bottom or an accumulation structure before any meaningful bounce. In the bigger picture, this structure represents a confirmed short-term breakdown phase within what appears to be a broader distribution range. The failure to hold the previous support is often a precursor to further downside continuation unless strong reversal evidence emerges. Therefore, until the market reclaims $108,651 convincingly, the bias remains bearish to cautiously neutral. 🧭 Summary: Previous Support (Now Resistance): $108,651 New Major Support Zone: $97,568 Market Tone: Bearish; breakdown confirmed below key structure. Bias: Bearish unless reclaimed above $108,651. Key Focus: Watch for market reaction around $105,000–$106,000; sustained weakness here could accelerate the move toward $97,500.