🎯 Recent analysis of Bitcoin – August 1, 2025
📉 Current price: $114,495
🔻 24-hour decline percentage: about -3.7%
💡 What do we see on the chart?
🔸 Clear downward price movement, as we witnessed a break of a support level that was close to $117,000, and confirmation of selling pressure from traders.
🔸 The last candle on the 4-hour timeframe shows a somewhat long lower wick, indicating some buying at the bottom, but selling pressure still prevails.
🔸 The price recorded a temporary bottom at $113,988 during the last candle – this could be an attempt to form a short-term base, but there is no confirmation yet.
🐋 Are whales buying?
Currently, there are no strong signals of whale entry at these prices, neither in terms of volume, nor through exceptional volume, nor through optimistic candle patterns like 'Hammer' or 'Bullish Engulfing'.
But it is important to monitor the following:
🔹 If we start seeing strong reversal candles from the same area (such as hammer candles or candles with significant buying volume), this could be an early signal of institutional or whale entry.
🔹 Also, if the volume suddenly increases while the price remains stable, it is a sign of hidden accumulation.
🧠 What do we recommend now?
Do not rush to enter, as the current situation is technically unstable.
Watch the $113,500–$114,000 area closely, as it may be a support level if positive signals appear.
There is currently no breakout or price explosion signals – so it is best to wait for confirmation from the market.
📌 Summary:
Bitcoin is currently under clear downward pressure. No strong signals yet of whale entry, but we are approaching a support area that could trigger institutional entry if the price holds there. Stay alert and monitor candle movements and volume closely in the coming hours.
