Local minimum $BTC has already formed ($116,950), and $BTC is trying to bounce upwards
The price broke MA(7), but is still below MA(25) and MA(99) → the trend is still bearish, but there is an attempt at a reversal
Volumes are increasing, indicating the appearance of buyers after the decline
RSI does not indicate overbought conditions → there is still potential for growth
📊 Key levels $BTC for today:
Resistance: $117,580 → MA(25)
Next resistance: $118,250 → MA(99)
Support: $116,950 — today's minimum
📈 Forecast for today (night of July 29→30):
1️⃣ Scenario 1 (main, 60%) — smooth recovery:
BTC may gradually rise to $117,600–117,800
Potentially testing MA(25) and in case of a breakout — movement towards MA(99)
2️⃣ Scenario 2 (alternative, 40%) — retest of support:
If selling pressure resumes — another retest of $116,950 is possible
But a pullback deeper than $116,800 is unlikely against the backdrop of RSI stabilization
✅ Recommendations:
Traders: local longs can be considered with a target of $117,600–117,800, stop under $116,900
To investors: it's not yet time to buy, but monitor price behavior near MA(99) — a breakout upwards will signal a transition to a bullish phase
Market entry — only on confirmation of growth (after breaking MA25)
🔔 Right now, BTC behaves like a squeezed lemon — major players are testing the bottom for strength. The next hour will show whether it can break $117,600 — if so, prepare for a larger movement.
#BTC #BitcoinToday #CryptoAnalysis #Trading #Binance 📉💹📊
