📊 BTC Market Analysis – Date 08/08

🔥 Overall Trend:

👉 BTC experienced a 3k price pump in yesterday's session, indicating that bottom-fishing buying pressure is returning quite positively. However, the current uptrend still cannot surpass the critical resistance zone of 118k – 120k, which is considered a significant barrier for BTC to aim for the next target at 125k.

📈 Technical Analysis:

- Strong resistance zone: 118k – 120k

- Nearby support zone: 116k – 115K6

→ This is the price zone expected to hold firm to create the next growth momentum.

🎯 Proposed Trading Strategy – #LongBTC

👉 Entry: 116k4 – 116k

👉 SL: 115k

👉 TP: 117k4

→ If the price breaks through 117k6, you should consider taking some profits, while the remaining can continue to hold towards 120k +.

📌 Note:

It is advisable to manage capital tightly and closely monitor price movements in the support zone.

Do not FOMO when the price approaches resistance if you don’t have an order.

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