$BTC
BTC 4-hour market outlook for August 5, 2025:
๐ Current Technical Status
The current price is around $114,000 โ $114,400 after mild fluctuations throughout the day (cryptorank.io).
On the 4-hour chart, there's mild selling pressure within a broader downward trend since mid-July. Indicators like RSI and MACD show weak bullish momentum (cryptorank.io, changelly.com).
๐ Support and Resistance Levels
First resistance: Around $116,200,
Second resistance: Around $121,800 (cryptorank.io).
Key support: At $112,500,
Lower support: Around $110,000 (cryptorank.io).
โฑ 4-Hour Forecast
Expectations suggest BTC will likely remain in a tight range around $114,400.
If price fails to break resistance near $114,600 (near 20/50/100 EMA), it could drop toward the $112,500 support level.
On the other hand, breaking through that resistance may trigger an upward move toward $116,000 (cryptorank.io).
๐งญ Possible Scenarios:
ScenarioExpected RangeTechnical Signal๐ข Mildly Bullish$114,400 โ $115,500Slight break above EMA resistanceโ ๏ธ Neutral$112,500 โ $114,600Sideways accumulation๐ด Bearish Potential$112,500 โ $112,000Testing support, rejecting EMA
โ Recommendations for Traders:
Monitor price reaction near $114,600 (EMA resistance zone).
If the price fails to break and hold above it, a bearish move toward support is likely.
Weak momentum or delay may indicate continued sideways accumulation before a clearer direction forms.
Summary:
Over the next 4 hours of August 5, BTC is likely to remain within the $112,500 to $114,600 range, with potential breakouts depending on resistance or support tests.