$BTC
BTC Technical Analysis – August 2, 2025 🧠
🔹Current Price: ~$112,400
🔹Trend: Bearish (Short-term)
🔹Volume: Increasing selling pressure
🔹Timeframe: Daily + 4H**
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🔸 Key Resistance Levels:
$114,500 – Minor resistance, intraday rejection observed
$116,000 – Critical breakout point to invalidate local downtrend
$118,600 – Monthly high; strong selling interest above
$121,300 – Fib 0.618 retracement zone
$125,000 – Bullish breakout target for mid-August
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🔹 Key Support Levels:
$111,200 – Local support from July 25
$109,000 – Weekly demand zone
$106,700 – Major support, potential reversal area
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🔍 Indicators:
RSI: Oversold on 4H, showing early bullish divergence
MACD: Bearish crossover still valid on daily
EMA21: Price trading below; needs reclaim to confirm reversal
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⚠️ Outlook:
BTC is facing continuous selling pressure under the $116K zone. A clear breakout and close above this level with high volume is essential to shift momentum. Failing to hold $111K could invite further downside.
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🧠 Strategy:
> “Reclaim $116K = Bullish Bias
Lose $111K = Prepare for deeper correction”
Watch price action near EMA zones and manage risk carefully.
Stay updated – big move ahead soon! 🚀
