Short-term Analysis of Bitcoin (August 2025) and Entry Tips
Current Price (August 10, 2025): Approximately 118,550
Trend: Short-term bullish within an upward channel, with positive momentum. Breaking the resistance of 118,077 supports the upward movement.
Supports and Resistances:
Support: 113,500 (Strong), 106,790 (Major).
Resistance: 120,800 then 123,000 (The historical peak).
Technical Indicators:
MACD: Positive, indicating continued momentum.
RSI: ~71%, Overbought area, but could rise to 85-90% in a strong rally.
Moving Averages: MA200 is upward, supporting the trend.
August Forecast: Range 115,502-120,246 with a potential of 124,000 if the momentum continues. Possible drop to 110,000 if the support is broken.
📉Buy Points:
Entry at support: Wait for a decline to 113,500-115,000 strong support area with high trading volume.
Breaking resistance: Enter on a daily close above 120,800, with a target of 124,000.
Risk Management:
Set a Stop Loss below 113,500 dollars to minimize losses if the price drops.
Do not invest more than 1-2% of capital in a single trade to avoid volatility (1.14% daily).
Strategies:
Day Trading: Target small moves (500-1000 dollars) with low leverage (1:2) to avoid liquidation.
Long-term Investment: Buy at supports and adjust for the long term (150,000 dollars by the end of 2025)
🚦Monitor ETF news and US regulations, as they affect momentum.
🚨Warning: This is not financial advice. Do your own research (DYOR) and consult a financial expert🚨
