Expected #btc #ETH #pol
Currently, Bitcoin (BTC) is influenced by several key factors:
• Decisions by the US Federal Reserve (expectations of interest rate cuts or stabilization).
• Flows of Bitcoin ETF funds.
• Movement of the US dollar (DXY) and the stock market (especially Nasdaq and S&P 500).
Quick Technical Analysis (2025-08-02):
• Strong resistance: $120,000 – $122,500.
• Strong support: $112,000 – $114,000.
• The price is close to overbought areas, and if it breaks below $115,000, we might see a correction down to $112,000 – $110,500.
• If it holds above $115,000 and rises steadily above $120,000, the upward movement may extend towards $125,000 – $130,000.
Summary:
• In the short term: there is a possibility of a slight downward correction (retesting $114,000).
• In the medium term: the overall trend remains bullish as long as it is above $110,000
