Bitcoin Price Analysis $BTC $ETH

Bitcoin (BTC) is trading at approximately $112,844, down 0.57% today after opening at $113,494, with a 24-hour high of $113,667 and low of $112,159. This follows a broader correction from its all-time high of around $124,533 earlier in August, amid macroeconomic headwinds like Fed policy uncertainty and Jackson Hole symposium jitters. Volume stands at 21,039 BTC ($2.46B USDT), showing moderate activity. The 1-week chart reveals an uptrend from $74,508 lows, but recent candles indicate pullback, with price below MA(7) at $114,051 and MA(25) at $116,051, yet above MA(99) at $111,598. Key support lies at $112,000–$112,800 (50-day EMA), while resistance is at $114,700–$115,000, potentially extending to $119,000 if broken. RSI hovers neutral around 50–59, MACD shows bearish divergence, but oscillators like Stochastic (68) suggest underlying buying interest. Overall sentiment is cautiously bullish, with analysts eyeing $125,000–$127,000 if support holds, driven by ETF inflows and institutional accumulation, though short-term risks persist from rate cut probabilities (75% for September).

Buy Strategy: Enter long positions on dips to $112,000–$112,800 support, confirming with volume spike or RSI above 50. Target initial profits at $114,700 (near-term resistance), scaling up to $116,640–$119,000 if momentum builds. Use a 1:2 risk-reward ratio, ideal for swing trades amid the uptrend.

Sell Strategy: Short if price breaks below $112,000 on high volume, signaling deeper correction. Targets: $110,528–$109,233, with stops above $113,000 to limit upside reversals. This suits bearish scenarios from failed support or hawkish Fed signals.

Exit Strategy: For longs, trail stops below recent lows (e.g., 1% below entry) or exit at resistance if RSI hits overbought (>70). For shorts, cover at support or if MACD crosses bullish. Always set stop-losses 1–2% away, monitor on-chain flows and news like Powell's speech for adjustments. Risk no more than 1% of capital per trade to preserve portfolio. #BTC #Binance #ETHInstitutionalFlows