Summary of BTC analysis on August 5:

Daily frame (1D):

Current price around 114,900 USD, below the middle line of the Bollinger Bands (~117,087).

BTC has recovered but has not surpassed the dynamic resistance (middle line of BB).

The BB bands are slightly opening downward → The downward pressure still remains.

Trend: Weak neutral, leaning towards a decrease if not surpassing 117,000.

4-hour frame (4H):

Price has recovered, hitting resistance at 115,500 but was rejected.

Price is around the middle of the BB bands → Not enough strength to confirm a reversal.

Candles indicate market hesitation.

Trend: Accumulation within the range of 112,400 – 115,500.

Conclusion:

BTC is in a correction/accumulation phase.

Breaking through 116,000–117,000 → confirms an upward trend.

Losing the 112,000 mark → possibility of a deeper decline. If you like daily analysis signals, feel free to connect with me.