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• • Bitcoin trading at $114,000, down 7.2% from July's peak of $123,000

• • The market is concentrated in the range of $113,000 - $115,000 after a record monthly close at $115,800

• • The total market cap holds at $2.27 trillion with a daily trading volume of $57.9 billion

• • The historical 'August Curse' pattern shows average declines of 13% since 2014, although the years following reward halving (Post-Halving) usually recover

Main market drivers

• • The entry of institutional exchange-traded funds provides support while retail investors take profits

• • On-chain metrics indicate that 96% of owners are in profit as selling pressure from miners declines

• • The bearish trend shows an increase in short positions to $132 million on August 5

• • Technical indicators are mixed: the 4-hour timeframe is positive while signals point to negative momentum on the daily chart

• • The anticipated legislation 'BITCOIN Act of 2025' in Congress may improve regulatory clarity

Trading considerations

• • Critical support at $113,000; breaking below may accelerate the drop towards $94,000 - $98,000

• • The main resistance at the July peak of $123,000 must be broken for positive momentum to continue

• • Regional divergence: Asia (+96.94) shows strength against declining European markets (-788.06)

• • The ratio of long to short positions (Leveraged) is negative at 0.60-0.62 when looking at USDT

• • Divergence in community opinion but leans towards positivity (70.47% Bullish)

• • Expert forecasts range from Kyosaki's cautious prediction of $90,000 to Tom Lee's optimistic forecast of $200,000 - $250,000#Binance #BTC走势分析 #bitcoin #EconomicAlert #BitcoinDunyamiz $BTC $RSR $BNB