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📉 Does Bitcoin's July candle herald an August storm?
🕯️ The price is now at 116,873, approaching the monthly close, and the current candle is showing a long upper shadow after reaching a high of 123K.
Technically, this pattern indicates clear selling pressure and a strong potential correction by the beginning of August.
🔍 If the candle closes below 118,000:$BTC
We may start the month with a bearish sideways movement. 🔻
First support targets: 113K, then 107K.
Smart buying only begins with real reversal signals at 113K.
🎯 Recommendation:
Speculative selling from 117K. 🎯$BTC
TP: 114,200 – SL: 1H close above 118K.
📊 Read the candles, don't follow the headlines!
📌 At the request of my loyal followers and supporters 🤝 Here's a simplified, professional explanation of Bitcoin's movement near the July 2025 close.
📊 Technical Reading:
If the candle closes at or below 117,000, it will be a candle with a long upper shadow, a behavior that indicates a strong price rejection from the higher high (123K).
This type of candle typically portends:
An early correction in early August
A retest of monthly support levels between 113,000 and 107,000
🔮 What does this close mean for August 2025?
Element | Interpretation |
🔻 Close below psychological resistance (118K) | Weak buying momentum at the end of the month
📉 Reversal candle with an upper tail | Distribution behavior from market makers
🧠 General context | Investors took profits from the upward wave and began to wait |
📢 Recommendation for Intraday Traders (Intraday Strategy):
📌 Sell from 117,000 – 117,500 ✅

🎯 TP: 114,200 – 113,000
🛡 SL: 1H close above 118,000
Buy only from confirmed support after the first day of the month's decline.
✍️ By Crypto Strategist