AD_JONY

$BTC Bitcoin is trading around $116,700 (–0.3% in 24h) as of this morning. After a brief dip to ~$112k early in August, BTC has recovered modestly – roughly +0.9% over the last week. On the weekly chart, Bitcoin remains firmly bullish (down only ~3.7% last week). Its all-time high (July 14, 2025) stands at $123,218, with $120k acting as the next major price magnet.
Technical Analysis
4-Hour Chart: BTC has formed a short-term “Power of 3” bottom pattern, with a manipulation-phase shakeout near $112k. On the 4H timeframe, price has rebounded into a corrective range. Key short-term EMAs (9 and 21) are converging as BTC attempts to break above its recent $115k–$116k congestion zone. If BTC can clear ~$115.3k on this timeframe, analysts see scope to extend the bounce toward the $120k region. Conversely, failure below ~$113k could invite another test of the $112k floor.

Daily Chart:
The daily trend remains bullish despite the pullback. After the parabolic rally from $80k to above $120k, BTC is undergoing a natural correction – the 30-day MA has just been tested as support. Importantly, the Relative Strength Index is still above 50, indicating underlying bullish momentum. Fibonacci retracements from the recent swing low ($98k) to the July high (123k) show primary support at $113,600 (38.2% level) and stronger support around $105k–$110k (the 50–61.8% zone). These fib levels coincide with rising SMAs – notably the 100-day SMA near ~$105k.
Weekly Chart:
On a longer horizon, Bitcoin remains in an uptrend. It has risen 89% year-to-date and sits well above its 50/100/200-week SMAs. Recent weekly losses were shallow (–3.7% last week), indicating solid underlying demand. The prior peak (~$112k from May) now serves as critical weekly support. A decisive weekly close above $117k–$118k would signal a resumption of the rally toward new highs; failure would suggest continued range-bound trade.

Key Support & Resistance
Resistance: Near-term resistance is clustered in the $116.8k–$117k range (recent swing highs). Above that, the $120k area looms large – CoinGlass and analysts note dense liquidity/magnet around $120k. The July all-time high ($123,218) is the ultimate barrier above.
Support:
Initial support is around $114k–$115k (roughly the 38.2% fib at $113.6k). A stronger floor lies near $112k–$113k – the site of the recent liquidity sweep and prior ATH. Below that, $111k and $110k are key psychological/fib levels. If those give way, the 50–61.8% fib zone around $105k–$108k (also aligning with the 100-day SMA) provides deeper support.
Moving Averages & Indicators
BTC is above its major moving averages, reflecting the prevailing uptrend. On the daily chart, the 50-day SMA sits well below current price, with the 100-day SMA rising through ~$105k (coinciding with the 38.2% fib). Short-term 9- and 21-period EMAs (on 4H/daily charts) have recently crossed to the upside, hinting at a shift back toward buyers. The Relative Strength Index remains above mid-point, suggesting room for further gains.
Fibonacci Retracement Analysis
Key Fibonacci retracement levels from the recent swing (June low ~$98k to July high $123k) align with support/resistance zones:
38.2% (≈ $113.6k): Current support (see [41]). Traders note BTC is just above this level, which coincides with the ~$114k base.
50% (≈ $110.5k) & 61.8% (≈ $108k): These levels form a confluence around $108k–$110k, matching the previous breakout zone and a major demand area (also noted by trading community). A break below ~$110k risks stepping into this deeper fib zone.
0.786 (≈ $120k): Not shown, but $120k is effectively a fib extension level and liquidity cluster (CoinTelegraph heatmap).
Liquidations & Derivatives Signals
Liquidations:
The recent downturn flushed out roughly $0.9–1.5 billion in futures liquidations. CryptoPotato reports ~$1.5B was wiped out on Binance when BTC dipped to $112k. Cointelegraph notes ~$922M in global liquidations (incl. ~$240M in BTC contracts) during the same sell-off. Such large-scale stop-outs often precede short-term rebounds (leveraged capitulation).
Funding Rates:
Across major perpetual exchanges (Binance, Deribit, etc.), funding rates have turned negative in late July. Negative funding means shorts are paying longs, reflecting extreme bearish bias in the market (retail crowding into shorts). Historically, sustained negative funding has been a contrarian bullish signal.
Long/Short Ratio: Data from Coinglass shows a recent flip in trader positioning – the BTC long/short ratio rose from ~0.89 to ~1.02. This indicates that for the first time in days more traders are net-long than short. While not a guarantee, this coincides with on-chain signals of reduced selling pressure, suggesting accumulation by smarter money as retail panic eases.

The liquidation heatmap (per Binance Square) shows heavy liquidity zones around $115k–$116k, which caused sharp wicks when hit. After plummeting to ~$112k, BTC rebounded, suggesting that these levels now serve as strong magnet/support. Any return to the $115k–$116k band is likely to provoke volatility (stop-run liquidations), so traders should use tight stops around these pivots.

Actionable Trade Setups
Consider the following scenarios:
Bullish Breakout Entry: If BTC decisively breaks above $117,000 (critical resistance) on strong volume, enter a long. A stop-loss just below ~$115,000 (recent swing low) limits downside. Initial targets are $120k (liquidation cluster) and then $124k–$125k, tapping the higher resistance magnets.

Support Bounce Entry: A dip-buy near $113,000–$114,000 (above the 38.2% fib at $113.6k) can be effective. Enter long around this support band with stop ~112,000. Targets are the $117k–$118k zone and, if momentum continues, towards $120k. This setup plays the measured rebound off key fib/MA support.

Bearish Breakdown Entry: If BTC breaks convincingly below $110,000, consider shorting. Place a stop just above $112,000. The first target is around $105,000 (38.2% retracement & the rising 100-day SMA), where buyers may re-emerge. Further downside could test the next support cluster near $98k. This is a riskier play, given the overall bullish context, so use tight risk control.
Each setup above blends on-chain and technical cues. For instance, the first two (long) strategies align with the capitulation-driven rebound (as seen in funding and liquidation data), while the bearish setup acknowledges the risk of failing fib/MVA support. Always ensure stops are set to limit losses if the market pivots unexpectedly.
$BTC $ETH
All analysis reflects conditions as of Aug 9, 2025.
#MarketUpdate #BTC

#CreatorPad 👀

Bitcoin need to hit 155k to overtake Apple in Market Cap.

$BTC

Bitcoin is now 7th largest Asset in global market.

Bitcoin has dropped roughly 7.5% from its all-time high near $123,250. Analysts interpret the dip as a potential “perfect bottom,” paving the way for another rally. Bitcoin recently reclaimed its 50-day exponential moving average (EMA), after briefly falling below it — a recurring technical support level that previously sparked a 25% rebound in June .

Analyst observes that if Bitcoin dips into the $110K–$112K range, this could solidify the bottom, setting the stage for a renewed upward leg . Supporting the bullish outlook is an inverted head-and-shoulders (IH&S) pattern. Bitcoin has retested the neckline of this pattern after breaking through it—an indication that the price could continue its breakout toward $148K–$148.25K . This target aligns with broader forecasts that see Bitcoin reaching the $150K mark later this year, possibly by October .

On-chain insights add another layer of optimism. Crypto Quant data highlights that whales—large, long-time Bitcoin holders—have executed three major profit-taking waves during the current bull cycle. The latest wave, involving an estimated 80,000 BTC, occurred in July 2025 after the price broke past $120K. Historically, each such selling wave has been followed by several months of cooling and consolidation, which precede fresh all-time highs . Analysts interpret this pattern as a bullish setup that could herald the next major price breakout.