The Value Hunter
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Bullish
Hodl tight, the rocket is fueling up!” 🚀🔥 Bitcoin Order Block at $112,000 – Strong Support for Next Major Rally.
Trump’s Tariffs Trigger Bitcoin Pullback to Key Order Block
The Kobeissi Letter reported that Trump imposed a massive wave of new reciprocal tariffs on Friday, including:
Switzerland: 39%
South Africa: 30%
🌏 Many Southeast Asian countries
These tariffs went live Friday at midnight (Aug 1), sparking short-term volatility and uncertainty across global markets.
Meanwhile, S&P 500 futures closed slightly lower, down 10 points, mostly due to Amazon’s weaker-than-expected earnings.
Bitcoin Market Structure
BTC hit an all-time high of $123,218 on July 14 after breaking $119K resistance on July 25
This breakout created a key order block at $112,000
After the ATH, Bitcoin chopped in a tight range between $119K and $115K
Trump’s tariff announcement on Friday triggered a breakdown below the range, and now price is approaching the $112K order block and trendline support
This retest zone is crucial — it combines trendline support, old resistance turned support, and the major order block.
Bitcoin is retesting $112,000, which I believe will act as the launchpad for the next major move.
✅ Trendline support is holding
✅ $112K order block remains strong
✅ Old resistance has flipped to support
📊 My Outlook:
From this zone, Bitcoin has the potential to reverse and break above $123,218, heading towards:
🎯 $150,000 initial target
🎯 $200,000 if momentum continues
A small wick/pin to $111,500 is possible to tap the trendline before the next bullish leg.
⚡ Trading Plan:
Watching $112,000 as the key support area
$111,500 is my final support / trendline tap
Above this zone, I expect major bullish continuation
Strong hands win — don’t miss this move!” 💎🙌
💬 Click on the chart to buy Bitcoin now — it’s not too late!
Good Luck
Trump’s Tariffs Trigger Bitcoin Pullback to Key Order Block
The Kobeissi Letter reported that Trump imposed a massive wave of new reciprocal tariffs on Friday, including:
Switzerland: 39%
South Africa: 30%
🌏 Many Southeast Asian countries
These tariffs went live Friday at midnight (Aug 1), sparking short-term volatility and uncertainty across global markets.
Meanwhile, S&P 500 futures closed slightly lower, down 10 points, mostly due to Amazon’s weaker-than-expected earnings.
Bitcoin Market Structure
BTC hit an all-time high of $123,218 on July 14 after breaking $119K resistance on July 25
This breakout created a key order block at $112,000
After the ATH, Bitcoin chopped in a tight range between $119K and $115K
Trump’s tariff announcement on Friday triggered a breakdown below the range, and now price is approaching the $112K order block and trendline support
This retest zone is crucial — it combines trendline support, old resistance turned support, and the major order block.
Bitcoin is retesting $112,000, which I believe will act as the launchpad for the next major move.
✅ Trendline support is holding
✅ $112K order block remains strong
✅ Old resistance has flipped to support
📊 My Outlook:
From this zone, Bitcoin has the potential to reverse and break above $123,218, heading towards:
🎯 $150,000 initial target
🎯 $200,000 if momentum continues
A small wick/pin to $111,500 is possible to tap the trendline before the next bullish leg.
⚡ Trading Plan:
Watching $112,000 as the key support area
$111,500 is my final support / trendline tap
Above this zone, I expect major bullish continuation
Strong hands win — don’t miss this move!” 💎🙌
💬 Click on the chart to buy Bitcoin now — it’s not too late!
Good Luck
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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