Technical analysis by SeoVereign about Symbol BTC: Sell recommendation (10/24/2025)

Today, as of October 24th, I would like to share my bearish (short) outlook on Bitcoin. Currently, after taking partial profits from the short position entered on October 21st, I am still holding the remaining portion. A meaningful short entry zone has been identified on the chart today, and I am considering an additional entry. If a downward move unfolds, I plan to scale into the position further based on this idea. However, since part of the position has already been established and the new entry zone overlaps with the previous one, I will proceed with caution, gradually adding to the position rather than entering aggressively. The reasons for considering an additional short entry are as follows: First Basis — FIBONACCI 0.886~1.13 Bitcoin is currently positioned within the 0.886–1.13 range relative to the upper structure. This zone is generally interpreted as an overbought region, often marking the final extension of a prior upward wave. Therefore, once the price enters this zone, selling pressure tends to increase, which can signal a short-term correction or a potential trend reversal. Second Basis — WAVE.M = WAVE.N × 0.786 In terms of wave structure, the ongoing arbitrary M wave shows a ratio of approximately 0.786 relative to a previous arbitrary N wave. This ratio frequently appears near turning points, indicating that the momentum of the upward wave is gradually weakening. Accordingly, the average target price is set around 108,347 USDT. Depending on future price developments, I will provide further updates regarding any changes to this idea and my position management strategy. Thank you for reading.