August 1, 2025 – Bitcoin ($BTC ) has experienced a sudden and severe drop, plunging from its recent peak of $123,218 to a daily low of $112,722, erasing nearly $10,500 in value in just a few days. At the time of writing, BTC is hovering around $113,141, reflecting a 2.47% loss over the past 24 hours.


$BTC

📉 Market Snapshot




  • Current Price: $113,141




  • 24h High: $116,362




  • 24h Low: $112,722




  • 24h Volume: $2.9 Billion (25,214 BTC)





⚠️ What’s Causing the Sudden Drop?


1. Technical Breakdown

Bitcoin has breached key support levels:




  • $118,900 → $115,500 → $113,776

    These previously strong zones have now flipped into resistance, confirming a bearish trend.




2. Whale Activity at the Top

Massive sell-offs were likely initiated by large holders near the $123K mark, triggering liquidations and stop-loss cascades across leveraged positions.


3. Weak Buyer Momentum

Despite dipping to $112,722, BTC saw no major rebound, highlighting a lack of bullish conviction at crucial levels.


4. Global Macro Tensions

Heightened geopolitical concerns—particularly surrounding Trump’s remarks on India-Russia economic ties—have added to investor unease, weighing on risk assets globally.



📊 Multi-Timeframe Technical Analysis


🕐 1H Chart



  • Steep decline from $118.9K




  • Weak bounce attempts — likely bearish retest near $113.7K




  • Selling volume remains dominant




⏱️ 4H Chart



  • Downtrend persists




  • Sharp rejection from $119.8K




  • Bearish crossover on MA(5) and MA(10)




  • Struggling to hold $113.2K — risk of fresh lows




📆 1D Chart



  • Bearish engulfing pattern in play




  • Momentum loss post $123K high




  • If $112.7K fails, next supports lie at $107,957 and $102,453





🔮 Possible Scenarios Ahead


✅ Scenario A – Short-Term Relief Rally (Low Probability)



  • If BTC reclaims $115.5K with volume, a rebound to $117.8K–$118.9K is possible




  • Watch for RSI divergence or surprise macro support




❌ Scenario B – Deeper Correction Likely



  • Failure to defend $112.7K could drive BTC down toward:




    • $110K




    • $107K




    • $102K






  • Triggers: Whale exits, low volume, or macro headwinds





🧠 Pro Traders’ Strategy




  • Scalpers: Wait for clear rejection or reclaim at $113.7K




  • Swing Traders: Avoid longs until $115.5K becomes support




  • Spot Buyers: Consider DCA entries near $107K–$102K




  • Leverage Traders: Use strict stop-losses — volatility remains extreme




$BTC is now trading in a short-term bearish zone, following a rapid sell-off from historical highs. While long-term fundamentals remain strong, the next 48 hours will be crucial. A failure to hold $112.7K could accelerate downside momentum, with key support resting around $107K and $102K.


Now is the time for discipline over emotion—whether you’re holding, hedging, or watching from the sidelines.



🔍 Key Technical Levels




  • Immediate Resistance: $113.7K → $115.5K → $118.9K




  • Critical Support: $112.7K → $110K → $107K → $102K




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