🚨 [BTCUSDT ANALYSIS – DAY 31/7]
🕰 1D + H4 Frame | Technical summary, price action & macro
❇️ OVERVIEW
👉 BTC is moving in a medium-term uptrend channel but currently shows signs of hesitation at the old peak range of 117.7k – 118.5k.
👉 RSI on the 1D frame is weakening, H4 breaks EMA200, a Lower High – Lower Low pattern appears – indicating increasing selling pressure.
👉 Fed maintains interest rates (30/7): Neutral impact → the market needs clearer signals from Powell for a breakout.
❇️ IMPORTANT PRICE LEVELS
👉 Resistance: 118.5k (Strong High) → if broken, it will extend to 124.7k.
👉 Near support: 114.7k → 113.2k (EMA cluster + trendline).
👉 Deep support: 108k – 107k (strong demand area + lower edge of the uptrend channel).
⚔️ TRADING SCENARIOS (FOR REFERENCE)
🟢 Long BTC if breakout
👉 Entry: 11860 – 11900
👉 SL: 11680
👉 TP: 12400 – 12500
📌 Condition: H4 candle closes above 11850 + breakout volume
🔴 Short BTC breakdown
👉 Entry: 11300 – 11350
👉 SL: 11480
👉 TP: 10850 – 10700
📌 Condition: Price breaks below 113.2k, confirms EMA breakdown + RSI declining
🟡 Sideways waiting for reaction:
👉 Stand aside and observe
👉 Range: 114.5k – 118.5k
👉 Wait for clear signals from price action & the next macro news
💥 Note: This is personal analysis, not investment advice. Manage capital strictly – no FOMO – adhere to trading discipline.
💵 Wishing everyone good luck in trading!
