🔍 Crypto Market Update – 8/7/2025

Bitcoin (BTC):

Current Price: ~$108,100

Support: $107,000 | Resistance: $110,500

RSI: 56.5 (neutral)

MACD: Flat after bullish crossover

Bollinger Bands: Narrowing – signaling upcoming volatility

Supertrend: Bullish signal if maintained above $107,270tradingview.com+2coinedition.com+2ainvest.com+2

Analysis: BTC is accumulating around $109K. If it breaks $110,500, it could aim for $115K–$120K. Conversely, if it loses the $107K level, it may correct to $105K.

Strategy: Wait for breakout confirmation or buy when the price retraces to the strong support area.