📅 Full Technical Breakdown for BTC – Target Zones, Entry Levels & Stop Losses

📊 Weekly Chart (1W)

🔍 Notes:

A strong bearish OB is forming in the [118K–124K] area.

This week's strong bearish candle broke the previous week's support at 116K.

A clear bullish OB is in the [77K–84K] range, which is the most important demand area on the long-frame.

Volume rose in the last bearish candle → Institutional selling pressure.

🔻 Current Trend: Medium-term bearish

Bitcoin targets the 104K and then 96K areas if 116K is not quickly reclaimed.

📆 Daily Chart (1D)

🔍 Notes:

tradingview 02-08-2025

A clear break below the 116K support area.

Consecutive bearish candles with rising volume → Sell confirmation.

Bearish Order Block activated between [117.9K – 118.8K]

The price is heading towards a previous liquidity area around [104.7K] (potential demand point).

📉 Fibonacci (from the 124K high to the 112K low):

0.382 ~ 116.2K area

0.618 ~ 118.3K area → perfectly matches the Bearish OB.

🔻 Conclusion:

Any bounce is a selling opportunity from:$BTC

116.2K → first sell entry.

118.3K → second (stronger) sell entry.

📌 Sell Targets:

TP1: 112K

TP2: 108K

TP3: 104.7K

🎯 Stop Loss: above 119K with a daily candle.

⏱️ Chart 1H (Accurate Price Action)

🔍 Notes:

The price was rejected twice from the Bearish OB at ~115.8K.

Sold volume is strong, but a temporary bounce candle has started.

Intraday support is at 112K and then 111.3K.

📈 Counter-Scenario (Buy Scalp):

✳️ Entry: From 111.3K or a false break to 110.8K$BTC

🎯 TP: 113.6K - 114.3K

🛡️ SL: 110.4K

📉 Main Scenario: Sell on a retest of the area

✳️ Entry: 114.3K - 115.8K$BTC

🎯 TP1: 112.8K

🎯 TP2: 111.3K

🎯 TP3: 110K

🛡️ SL: Above 116K

📌 Daily Pivot Levels:

Pivot: ~113.4K

R1: 115.8K

S1: 111.5K

🔺 Price is trading below the Pivot → Clear selling pressure.

✅ Final Recommendations (Intraday Focus):

Trade Type: Potential Entry SL TP

Main Sell 115.8K 116.3K 112K / 110K

Fast Scalp Buy 111.3K 110.4K 113.6K

Sell at 118.3K 119.2K 114K / 112K / 108K

tradingview 02-08-2025
tradingview 02-08-2025
tradingview 02-08-2025

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