🟩 Bitcoin (BTC) Technical Analysis Summary – August 1, 2025
📊 Current Market Data
Price (Close): $115,408.79
Daily Low: $114,313.13
Volume: High selling volume (bearish pressure)
📉 Moving Averages (Bearish Alignment)
MA(7): $117,395.46 (above price → short-term downtrend)
MA(25): $117,953.09
MA(99): $118,119.18
Trend: Price below all key MAs → strong bearish momentum
🔻 Bearish Signals
Strong red candles (aggressive selling pressure)
Break below support at $116,000–$117,000
High-volume drop (July 31 – Aug 1) confirms bearish conviction
All MAs acting as resistance (price rejected multiple times)
🟩 Key Support Levels
$114,000 (minor support, tested)
$112,500–$113,000 (next major demand zone)
$110,000 (psychological & strong technical support)
🟥 Resistance Levels
$116,000–$117,000 (recent breakdown → new resistance)
$118,000+ (strong resistance due to MAs & prior rejections)
📉 Short-Term Outlook (Next 3–7 Days) – Bearish
Likely move: Test $113,000–$112,500 support
If selling volume persists → further drop possible
Potential bounce: If buyers defend $113K–$114K
📈 Reversal Signals to Watch
Bullish reversal candle (hammer/engulfing) near $113K–$114K
Green volume surge (buying pressure returning)
MA(7) crossover above price + hold above support
Conclusion: Dominant bearish trend – Watch for either continuation to $112.5K or a reversal setup near support.
Would you like additional insights on indicators (RSI, MACD) or a longer-term outlook?
