Technical analysis by Xanrox about Symbol BTC: Sell recommendation (10/29/2025)

Bitcoin formed a symmetrical triangle, and the triangle broke bullish, but can we really believe this price action, or is it a bullish trap? To trap bulls into buying, but then sending the price down. I see many issues with the current price action. Price created a CME GAP at around 111,000 USD, and you probably know that these gaps tend to be filled pretty quickly. In one of the next analyses, I will tell you how many gaps were filled and how many remained open on the daily and weekly charts. So the price should definitely go back and fill the gap, which means the price needs to go back into the symmetrical triangle, which is bearish. I think it would be a good long to buy this CME GAP, but only for a short-term intraday trade. I think we are going to go to 92k in November. Next issue is that Bitcoin just formed a bearish (W)(X)(Y) Elliott wave pattern, so instead of a breakout above the wave (W), we have seen a fakeout or a liquidity sweep. That's another sign of weakness. The next issue is gold. I think gold's recent pretty significant fall from its all-time high can push the price of Bitcoin down as well. Altcoins are very weak, and I see BTC.D going up, which suggests that we cannot expect any altcoin season. So this is my current outlook on BTC, I think we are going to go down in November. You know that the Bitcoin market is highly manipulated by huge banks and governments (they work together), and they can send the price down to take liquidity and liquidate traders on the futures market. This is how they make most of their money, not by sending the price straight to the upside. That's why we will always see many significant drops on the way to the upside. And I think their next plan is to liquidate all ETF traders, so be careful. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!Bitcoin is down by 6%. Dropped from 114k to 107k in a short period of time as expected. This was clearly a bull trap, as I described. It hit our first profit targets and what now? I recommend entering a short position, but if you want to get a better price, the middle of the triangle acts as a strong resistance! (109k-110k)Bitcoin hit our first targets, and soon we are ready to enter another short position because I think Bitcoin is heading towards 92k !