#MarketSentimentToday
= Over the weekend, BTC touched a low near $112,256, before rebounding to current levels—a 0.7% increase aided by improving sentiment and macro drivers
=Key support levels between $112,000–$113,000 held firm, reinforcing short-term bullish technical setups that hint at a possible move toward $120K+
=Analysts highlight Bitcoin's position above its 50-day EMA, framing this as the formation of a classic inverted head-and-shoulders pattern, targeting up to $148K under favorable conditions
=Seasonal trends historically make August a weak month for BTC, often with 5–20% pullbacks, though post-halving years tend to perform strongly, and some analysts project potential gains toward $132K–$140K
=Institutional accumulation remains robust—Trump Media revealed a ~$2 billion BTC holding plus options strategy—which reinforces long-term demand despite short-term volatility
=Macro headwinds like last week's tariff announcements and weak U.S. jobs data weighed on sentiment, but hopes for a Federal Reserve rate cut in September have supported a modest recovery