#BTC
🚨 BTC/USDT Market Update – 30m Chart 🚨
🗓️ Date: August 6, 2025
📉 Current Price: $113,473.99
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📊 🔍 Price Action Recap:
Bitcoin recently saw a sharp drop from $115,720 to a local bottom at $112,650, creating a strong support level 💪. Despite a quick bounce, bulls failed to push past the resistance at $113,847, and the price is now struggling below that zone again.
🔴 We can spot a bearish continuation pattern forming with lower highs and lower lows – indicating sellers still have the upper hand.
⚠️ If BTC breaks below $112,650, we could see another leg down toward $112,000 or lower.
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📈 Key Levels to Watch:
🔼 Resistance: $113,847 – $114,500
🔽 Support: $112,650 (critical) and $112,000
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🧠 Trader's Insight:
This zone is tricky! 🤯 Wait for a clear breakout above resistance or a confirmed breakdown below support before entering.
💡 Consider using EMA & MACD for momentum confirmation 📉📈
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🔥 What’s Next?
Bitcoin is consolidating in a tight range, and the next breakout could set the tone for the rest of the day. Stay sharp, set alerts, and don't FOMO! 😎📲
📢 Let us know your next move in the comments!
🟢 Long or 🔴 Short?
