A terrifying moment with a drop of 110K! Did the 112K support hold? Is the time for the bulls to attack at 117K here?
Brothers, this drop in Bitcoin was truly unexpected, with the low plunging directly to around 110K. I believe the bulls suffered heavy losses in this wave!
From the overall trend structure, it still hasn't broken the support at 112K mentioned earlier by Shengjie. After a quick dip in a smaller timeframe, it has swiftly recovered. Looking at the four-hour chart, it still hasn't broken below, so the support at this position remains valid. We should pay attention to whether there will be a strong upward surge here, and the central pressure zone still focuses on the area near 117K! $BTC
Stay tuned for updates and receive trend analysis at the first moment!
BTC Analysis: Daily chart as of August 25, 2025
