03August2025

BTC Weekly Outlook – 03 August 2025
🟠 BTCUSDT Forecast: Retest at 109000 before Bulls Reclaim Momentum!

📊 Technical Analysis Update:

🔹 After recent volatility, BTC is forming a solid base around the $111K-$112K range.
🔹 Key support zone identified at $109,000.
🔹 4H RSI is hovering near the oversold territory, signaling a potential bounce after retest.
🔹 Fibonacci retracement from the recent swing low to high aligns the 0.618 level right at $109K, a major confluence point.
🔹 Bullish divergence spotted on MACD histogram – signs of reversal building.

📈 Price Projection:
We expect BTC to retest the $109,000 support zone, absorb liquidity, and then resume its bullish move toward $114K–$117K this week.

🚀 Buy zone: $108,500–$109,500
🎯 Target 1: $114,000
🎯 Target 2: $117,000
🛡️ SL: $106,800 (below trendline + horizontal support)

📌 Summary:
👉 Watch for the $109K retest. If it holds, BTC could rally back strongly. The broader structure remains bullish unless $106K is broken decisively.
👉 Smart traders will load up at the dip, not the peak.

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