📣🚀💥📈🔺️
Good evening and happiness to everyone.
Things are looking promising, a rebound is coming, God willing.
#### **General Trend**
- After reviewing the chart data on the 4-hour interval, it appears that the Bitcoin price is moving in a relatively narrow range after a downward correction from areas above 118,000.
- The price is currently fluctuating around the level of **114,000**, indicating market anticipation for a new direction after the contraction of upward momentum.
#### **Key Support and Resistance**
- **Strong Support Level**: **112,660**
- This level has been tested several times, most notably on August 5, and there was a clear rebound from it, making it a potential buying support if the price returns downwards.
- **Medium Support**: **113,300 – 113,500**
- Short-term support areas, where the price often finds temporary support before deciding to continue in the direction.
- **Strong Resistance Level**: **115,100**
- The price has been rejected from this level twice in the past days (August 4 and 5), which is the upper limit of the current range.
- **Medium Resistance**: **114,400**
- Any breakout above this level with a stable close may gradually open the way towards 115,100.
#### **Recently Influencing Factors**
- A decrease in USDC trading by about 1.1 billion dollars over the past week, which may indicate a contraction of liquidity in the system, a short-term negative factor.
- Reports of a potential Bitcoin restriction in China are pressuring sentiment, but it has not turned into an official decision yet.
- On the other hand, new support from USDC adoption on platforms like Hyperliquid, enhancing confidence in the financial stability of stablecoins.
#### **Summary in Points**
- Current trend: **Sideways to slightly bearish**.
- The price is trapped between **112,660 (Support)** and **115,100 (Resistance)**.
- There is no strong momentum for a breakout upwards or downwards.
- Watch: **Close above 114,400 or below 113,300** to determine the next direction.
- In the case of a bearish break below 112,660, we may see a correction towards **111,000**.
- If 115,100 is broken with confirmation, the road is theoretically open towards **116,000–117,000**.
Now is the time to buy, most currencies are at the bottom.
They gathered with the whales before the upward launch.
😎👍❤
