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mani188
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Today’s BTC Forecast (August 7, 2025)
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BTC (Bitcoin): Recently dipped below the $113,000 level but quickly bounced back—a "double bottom" formation suggesting short-term bullish potential. Analysts believe resistance may appear around $116,000.Binance ETH (Ethereum): Trading within a tight range of $3,500–$3,750. A successful breakout above this zone could propel it toward the $4,000 mark, while a breakdown might lead to a slide toward $3,300–$3,100.Binance Market Leverage on Binance: Leverage ratios across Binance have notably declined recently. This typically signals reducing over-leveraged positions and may reduce the likelihood of sudden liquidations or sharp price swings—a short-term stabilizing factor.AInvestTradingView Altcoin Spotlight: XRP is showing consolidation strength around $2.98 (+0.78%), aided by news of a $214 billion Bitcoin‑XRP ETF filing by Japan’s SBI Holdings. Its RSI is neutral (~50), indicating potential room for upward movement.Binance SOL (Solana), on the other hand, continues to lack short-term bullish momentum. Multiple rebound attempts appear to be failing to attract buyer interest.Binance A notable flash event: MEMEFI surged ~200% following the announcement of Binance delisting its perpetual futures. Analysts warn this spike was likely a short squeeze—a mechanical surge, not reflective of actual investor confidence.BeInCrypto Summary Table AssetKey Technical InsightOutlookBTCDouble bottom, support near sub-$113kLikely to test resistance above $116kETHTight range, breakout pivotalBreakout → toward $4k; breakdown → $3.1k–$3.3kOverall MarketFalling leverage suggests reduced short-term volatilityIndicates stabilizing environmentXRPConsolidating near $2.98, neutral RSIBullish potential buildingSOLWeak, consolidating with no clear momentumCaution, watch for breakout signsMEMEFI200% pump likely short squeeze-drivenExtremely speculative, risky
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