📍#BTC Technical Analysis (2025/08/17 Afternoon Analysis)
Bitcoin's hourly momentum is strengthening, showing bullish right-side signals, with a short-term opportunity to challenge the resistance area. Whether the bulls can continue will depend on the breakout conditions at 118K and 121K!
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#BTC 【4H】
Trend: Consolidating Bearish
🔻 Short Position Information:
🛑 Stop Loss: 121260
🟢 Add Short: 117800 (Triggered), 119300
🚨 Break Below to Add Short: 116000
🎯 Take Profit: 114850, 112300, 110000
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Trend: Moderately Bullish
🔹 Long Position Information:
🛑 Stop Loss: 116000
🟢 Add Long: 117000 (Triggered), 116500
🚀 Breakout to Add Long: 119300
🎯 Take Profit: 121260, 123746, 126216
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【#BTC Strategy Summary#BTC Suggestions:
- 1H shows RSI above 50, KD golden cross, MACD histogram turning positive, forming a complete bullish signal.
- 4H has not yet broken through key resistance, but the short-term has significant bullish operational space.
- Suggesting a low long position layout, effective breakout at 119300 can add long; if it does not stabilize, watch for a pullback.
- Pay attention to the defense at 116000; if it breaks below, consider reversing to short.
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