📊 Bitcoin Technical Analysis – August 28, 2025
✅ Current Price: ~$111,500
✅ Trend: Short-term bearish, long-term bullish
🔑 Key Levels
Support: $107K → $100K (strong psychological zone)
Resistance: $117K → $124K
📉 What’s Happening?
BTC has pulled back from its recent highs (~$124K) and is now testing lower support zones. A dip toward $107K is possible if selling pressure continues, with $100K as a major demand area.
📈 Upside Potential:
Breaking $117K could trigger a move toward $123K–$124K, keeping the broader bull trend intact.
⚠️ Watch Out:
RSI divergence hints at a possible bull trap, so manage risk carefully.
💡 Outlook: Short-term correction, but macro trend still favors the bulls.
