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$BTC Update – August 7, 2025

🚀 BTC/USDT: $116,428 (+1.25%)

The bulls are heating up! 🔥 Bitcoin has shown strong momentum today with a clean break of structure (BOS) and CHoCH confirmation on the 5-minute chart. After reaching a local high near $116,440, price is now showing signs of a short-term retracement, testing support at $116,047.

📌 Key Levels:

Resistance: $116,440 (Weak High)

Support Zone: $116,047 → $115,042

Breakout Watch: Above $116,440 could trigger next impulse

📉 Volume shows declining pressure post-rally — so the next few candles are critical for confirmation. A strong hold at support could fuel another bullish leg.