Below is the analysis of Bitcoin (BTC) on the 4H timeframe for August 1, 2025, based on the latest price around $115,600–$116,000:
🟩 1. H4 Price Overview
BTC is currently still in a correction phase - accumulating after the bounce from the ~$112,000 range.
Price fluctuates within a clear range:
✅ Support: ~$114,500–$115,000
✅ Resistance: ~$117,800–$118,200
📊 2. Detailed Technical Analysis
✅ Trend Structure
After a sharp decline at the end of July, BTC recovered, creating a lower high around ~$118,000 → indicating the structure is still slightly bearish (lower high).
However, from the bottom of ~$112,000, BTC is experiencing a bounce in 2 waves:
Wave 1: $112,000 → $117,800
Wave 2: Adjusting to ~$115,000 then bouncing back to ~$116,500–$117,000
✅ Moving Averages (EMA / MA)
BTC is currently above the EMA20 (H4) (~$115,500) → temporarily maintaining recovery momentum.
But still below the EMA200 (H4) around ~$118,000 → this area acts as strong resistance.
✅ RSI Indicator (H4)
RSI around 52–55 → moderate recovery momentum, not too strong.
No notable divergence signals, meaning the potential for sideways movement / fluctuations remains.
✅ Volume
Volume has gradually decreased in recent H4 candles → a sign that the buying side is not really strong, mainly due to the psychological wait for economic news over the weekend.
🧭 3. Short-term H4 Scenarios
📌 Bullish Scenario:
Breaking and closing H4 candles above ~$118,200 → could continue to test the $120,000–$121,000 range.
📌 Bearish Scenario:
Breaking below $114,500 → risks a quick drop to $112,000.
✅ 4. H4 Conclusion
BTC H4 is in a technical recovery phase, but still belongs to a medium-term bearish structure.
Current range: $114,500–$118,200.
Overall trend: sideways - slight recovery, waiting for strong news to break out of this price range.
If you find it interesting, please give me a flow!!!
