Technical analysis by SroshMayi about Symbol BTC: Sell recommendation (4 hour ago)

BITCOIN (BTCUSD) | Overview China Accuses U.S. of Seizing $13B in Bitcoin as Tensions Escalate. A long-running Bitcoin mystery from 2020 has resurfaced — this time involving a geopolitical twist. China has accused the United States of secretly taking control of 127,000 stolen Bitcoins, valued at roughly $13 billion, in what could become one of the most controversial crypto disputes to date. The allegation has added fresh strain to the already tense relationship between the two largest global powers, fueling uncertainty in both crypto and broader risk markets. Technically: Bitcoin shows signs of bearish momentum, with price action likely to retest 102.64K. A confirmed break below this level could extend the decline toward 98.94K and 95.50K. However, if the price closes a daily candle above 106.20K, it would signal renewed bullish momentum, targeting 110.36K, and potentially 113.80K on further strength. Pivot Line: 106.20K Resistance: 110.36K · 113.80K · 116.40K Support: 102.64K · 98.95K · 95.50K Outlook: Bitcoin remains bearish while below 106.20K, with downside potential toward 102.64K – 98.95K. A confirmed daily close above 106.20K would shift momentum to bullish, opening the way toward 110.36K – 113.80K previous idea: