Technical analysis by Phillipklh about Symbol BTC: Sell recommendation (10/27/2025)

Ladies and Gentleman, I haven't looked at Bitcoin for a while because I prioritized altcoins more but today I want to give you a brief overview what to expect in the future. I also want to mention that my analysis will be available on youtube soon. So first up lets look at this weeks macro events. The week is mostly empty except for Wednesday, expecting us with the Fed rate decision and the following press conference. It is expected for the Fed to lower the rate to 400bps and as CPI came out lower than expected last week I also think Powell is going to be rather dovish than hawkish, highlighting that the fed is watching the current economic situation closely. Another bullish factor right here is that a deal between the United States and China seems to be nearby due to some of Trumps latest statements. In contrast to that, the ETF shows low inflows to actual outflows. The Bitcoin Dominance also stays at around 60% which indicates strength. Nonetheless, the majority of the funds aren't really accumulating more Bitcoins. Maybe they are preparing for the next alt season, as the Fed cuts rates and money becomes cheaper so money flows into more risky assets. The market structure indicates a local top, as we watch an ending intermediate wave 3 and a starting intermediate wave 4. This scenario is also strengthened by a possible reverse head-shoulder formation, which supports the anticipated support levels and also opens up the opportunity for a higher wave 5, as shown on the chart. This scenario is supported by the higher-than-normal funding rates and also higher-than-normal outflows at the top of the third wave indicating retailers trusting more into Bitcoin (exit liquidity). Alternatively, the third wave may not be done and rises a bit higher than now. Important for the confirmation of this alternative scenario is that the high gets broken within the next few candles and the price isn't exploring any of the fibonacci levels. If so, it is pretty clear that we are forming a fourth wave. I expect the fourth wave to drop until the 0.618 retracement, as liquidity lays there. After that it is important to break the local high built out by the third wave and to approach the anticipated niveau. Whilst that, Bitcoin is not allowed to break the high of the first wave (red line), because then this scenario will get invalidated. I do favor short positions right now, but they are also way riskier than long positions so if you enter a short, watch the market very closely. Stop loss for that would be the high of the third wave or, if you want to be sure, one percent above it and several take profits can be set up at the fibonacci retracement levels. Have a great week, I hope I was able to give some value.