1. 📊Current situation – price and technical aspects$BTC :
• Current price: approximately 114,827 USD with a slight decrease of –0.81% from the previous close.
• Today's trading range: between 114,583 USD and 115,810 USD.
2. 📉Short-term technical analyses (today and tomorrow)$BTC :
• Binance sees that technical analysis indicates a mixed outlook:
• On the 4-hour timeframe: the trend is downward due to the downward tilt of the moving averages.
• On the daily and weekly timeframe: shows a positive side, where the 50-day moving average slopes upward, and the 200-day provides potential support.
• CryptoPotato indicates the presence of:
• Support at the 110,000 USD area (consistent with the 100-day moving average).
• A major resistance that has not been breached yet keeps the market in a neutral state (RSI ~50).
• Investing.com (Bitfinex) gives a general signal of 'Strong Sell', with very weak support from short-term technical indicators.
3. 🤔Price forecasts – today to tomorrow:
• Traders Union: Expecting an implied price decrease within the next 24-48 hours:
• Over 24 hours: volatility of –1.55% → price reaching ~113,214 USD.
• Over the next 48 hours: additional decline of –2.74% → price reaching ~111,852 USD.
• CoinLore expects the price to rise tomorrow to ~114,765 USD, a slight change compared to the current price (+-0.05%) approximately.
• Changelly indicates that the price may rise to 117,548 USD by August 25 (tomorrow), with an optimistic technical outlook and a 'Greed' point on the Fear and Greed Index.
4. 📜Summary of forecasts among different analyses:
1- Source Traders Union, moderate decline (–1.5% to –2.7%), 113,214 – 111,852 USD.
2- Source CoinLore, slight stabilization or a minor increase around 114,765 USD.
3- Source Changelly, upward movement towards resistance, could reach 117,548 USD.
5. 📝Summary and conclusion:
• The general short-term trend: appears mixed between a possible slight decline (according to Traders Union) versus sideways movement or secondary rise (according to CoinLore and Changelly).
• Key supports and resistances:
• Strong supports: area of 110,000 USD.
• Major resistances: in the range of 115,000–117,500 USD, require a breach for a significant upward movement.
• Indicators:
• RSI ~50 indicates market indecision.
• The trading strategy depends on your risk tolerance and the current market movement.
🫂Strategic advice:
If you follow the analytical approach:
• An initial target can be set around 114.8–115.5 USD, while monitoring resistance at 117K.
• If the price breaks downward, it could reach 113K, or drop to 110K if supports collapse.
• Based on trading indicators, it is preferable to use close stop-loss orders in case the price moves suddenly.
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