📊 The price $BTC has risen from the local minimum and has broken through the moving averages (MA 7 and MA 25), which is a signal of a short-term bullish impulse.
The trading volume is not very high yet, but the support from MA(99) is quite clear.
📈 Forecast for $BTC today (August 4):
✅ Likely scenario:
If $BTC stays above the level of $115,000–$115,100, one can expect a test of the level $115,720 (local maximum), and upon breakthrough — an attempt to reach $116,000.
⚠️ Risk:
If the price does not hold above $115,100, a pullback to MA(99) — approximately $114,670 — is possible. Below that is the support zone at $114,120.
💡 Advice for traders:
For longs: entry on confirmation above $115,200 with a stop below $114,700
For shorts: only if there is a pullback below $114,600 with volume