๐ BTC/USDT Market Update - August 1, 2025
Current Price: $114,897.14 ๐ป-3.15%
BTC just touched a 24h low of $114,116, showing clear selling pressure today. Despite yesterday's high at $118,879, momentum is fading as it trades below key moving averages:
๐ก MA(7): $114,936
๐ฃ MA(25): $115,159
๐ช MA(99): $116,687
Volume remains strong at 2.67B USDT with bearish dominance (Sell ratio: 90.59%) โ ๏ธ
๐ Short-Term Outlook:
Watch for support near $114k and resistance at $116k. If BTC holds this level, a short bounce may occur, but the downtrend remains unless bulls reclaim the MA(25).
๐ Performance
7D: -3.55%
30D: +8.13%
90D: +17.96%
1Y: +89.12%
