BTC/USDT daily candlestick chart details with examples.

๐Ÿ”น 1. Chart Basics

  • Pair: BTC/USDT (Bitcoin vs. Tether)

  • Timeframe: 1 Day (1D) โ†’ each candlestick represents 1 full day of trading activity.

  • Current Price: 113,812 USDT

  • Change: +0.19% (slightly positive today).

๐Ÿ”น 2. Important Price Levels in Chart

  1. Lowest Point (Support): Around 105,100 USDT (on July 19, 2025).

    • Example: If someone bought here, theyโ€™d now be in profit since price is higher at 113,812 USDT.

  2. Highest Point (Resistance): Around 124,474 USDT (on August 9, 2025).

    • Example: If someone bought near this top, they are currently at a loss of ~8.5% since the price dropped to 113,812.

  3. Current Zone: 113,812 USDT โ†’ this is near the mid-range between recent support (105K) and resistance (124K).

๐Ÿ”น 3. Candlestick Patterns

  • Green candles = bullish days (closing higher than opening).

  • Red candles = bearish days (closing lower than opening).

  • Notice:

    • From mid-July โ†’ strong bullish rally (105K โ†’ 124K).

    • After Aug 9 โ†’ bearish correction (124K โ†’ 113K).

๐Ÿ”น 4. Trend Analysis

  • Uptrend Phase (July 19 โ€“ Aug 9): BTC climbed from 105K โ†’ 124K.

  • Correction Phase (After Aug 9): Price retraced back to 113K.

  • Currently: Price is consolidating (sideways movement with small candles) near 113K, which often signals market indecision.

๐Ÿ”น 5. Future Possibilities (Examples)

  1. Bullish Scenario ๐Ÿš€

    • If BTC holds support near 111Kโ€“113K and breaks above 118K, it may retest 124K or even push toward 125K+.

    • Example: A trader entering at 113K and selling at 124K would make ~10% profit.

  2. Bearish Scenario ๐Ÿ“‰

    • If BTC fails to hold 111K, it could drop back toward 105K support.

    • Example: Someone buying now at 113K but stop-loss set below 110K would risk ~3%.

๐Ÿ”น 6. Trading Lesson

  • Support = buying zones (buyers step in).

  • Resistance = selling zones (sellers take profit).

  • Trend = your friend: In July โ†’ trend was bullish, good for long trades. Now โ†’ correction, so short-term traders may short or wait for reversal confirmation.

โœ… Summary in Simple Words:
BTC rose from 105K โ†’ 124K, then corrected back to 113K. Right now, itโ€™s consolidating, waiting for the next big move. If it breaks 118K, bullish momentum may return. If it drops below 111K, bearish pressure could bring it back toward 105K.

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