Yesterday I drew it at 120.500$ then it dropped to 116.800$ which is a 3% decrease, but then it climbed to 122.300$ , so a 3% drop would be back to 118.700$ . That's why I'm calling long.

BTC long-term and next week's forecast.

on technical analysis
The medium-long term chart shows that BTC is still in a strong bullish trend, with a liquidity zone around 113,000. If you go to this area to observe Big Long, the potential short-term target is now to go up to the 122,000 zone $ next week, the medium term is 130,000–135,000 $ \
remember to test 112-113k5 big long.
BTC sideways is even better for altcoins because now dominic is bad and altcoins are showing very good strength.

On-chain data shows that whales are still accumulating strongly, even though the price is high — this is a clear signal of confidence. Capital flows from giants like BlackRock are still flowing strongly, contributing to the upward trend
especially On August 7, 2025, President Trump signed an executive order allowing 401(k) retirement accounts in the US to invest in Bitcoin, private equity and real estate, opening up access to the alternative asset market worth more than $12 trillion
This decree could trigger a huge amount of capital flowing into Bitcoin - which is supported by the "huge" pension budget. This is a rare boost for BTC in the mainstream financial system, to make it easier to imagine that BTC now has only 2.3 trillion

Expected price fluctuations next week when CPI and PPI can create strong short-term fluctuations.

The above is a general assessment for the next 7 days, depending on the news I have free time, I will update BTC and altcoins separately.

Remember to go long a little and short.
Thanks!



#BTC #dominancebtc #altcoin