📌 What is happening with $BTC

$BTC is forming a bounce after a decline that started at $113,168.

The candles are green and consecutive, RSI is rising — there are signs of a local bullish impulse.

But there is significant resistance — in the range of $114,300–$114,500 (where MA(25))

RSI is close to overbought, so the market may take a pause.

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🧠 Forecast for $BTC today (August 1):

🔼 Bullish scenario: if BTC breaks $114,300, the next target is $114,900–$115,200

🔽 Bearish scenario: if it cannot hold above $114,200, a correction back to $113,400 is possible

📉 Key support level: $113,000

📈 Key resistance level: $114,900–$115,200

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🎯 Recommendations:

📍 If in position — it makes sense to partially take profit near $114,300

⏳ For entry, it is better to wait for either a break above $114,500 or a retest of $113,400 with confirmation

🚫 Avoid FOMO — the volumes are still insufficient for a confident trend reversal

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✅ Conclusion: BTC is demonstrating a technical bounce, but global pressure from above remains. For now, this looks more like a mini-reaction within a downward trend.

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