๐ฅ bitcoin ready to explode? ๐ detailed analysis & signals for 02-08-2025 ๐ฃ don't miss this trade!
๐ Full Technical Breakdown for BTC โ Target Zones, Entry Levels & Stop Losses
๐ Weekly Chart (1W)
๐ Notes:
A strong bearish OB is forming in the [118Kโ124K] area.
This week's strong bearish candle broke the previous week's support at 116K.
A clear bullish OB is in the [77Kโ84K] range, which is the most important demand area on the long-frame.
Volume rose in the last bearish candle โ Institutional selling pressure.
๐ป Current Trend: Medium-term bearish
Bitcoin targets the 104K and then 96K areas if 116K is not quickly reclaimed.
๐ Daily Chart (1D)
๐ Notes:
A clear break below the 116K support area.
Consecutive bearish candles with rising volume โ Sell confirmation.
Bearish Order Block activated between [117.9K โ 118.8K]
The price is heading towards a previous liquidity area around [104.7K] (potential demand point).
๐ Fibonacci (from the 124K high to the 112K low):
0.382 ~ 116.2K area
0.618 ~ 118.3K area โ perfectly matches the Bearish OB.
๐ป Conclusion:
Any bounce is a selling opportunity from:
116.2K โ first sell entry.
118.3K โ second (stronger) sell entry.
๐ Sell Targets:
TP1: 112K
TP2: 108K
TP3: 104.7K
๐ฏ Stop Loss: above 119K with a daily candle.
โฑ๏ธ Chart 1H (Accurate Price Action)
๐ Notes:
The price was rejected twice from the Bearish OB at ~115.8K.
Sold volume is strong, but a temporary bounce candle has started.
Intraday support is at 112K and then 111.3K.
๐ Counter-Scenario (Buy Scalp):
โณ๏ธ Entry: From 111.3K or a false break to 110.8K
๐ฏ TP: 113.6K - 114.3K
๐ก๏ธ SL: 110.4K
๐ Main Scenario: Sell on a retest of the area
โณ๏ธ Entry: 114.3K - 115.8K
๐ฏ TP1: 112.8K
๐ฏ TP2: 111.3K
๐ฏ TP3: 110K
๐ก๏ธ SL: Above 116K
๐ Daily Pivot Levels:
Pivot: ~113.4K
R1: 115.8K
S1: 111.5K
๐บ Price is trading below the Pivot โ Clear selling pressure.
โ
Final Recommendations (Intraday Focus):
Trade Type: Potential Entry SL TP
Main Sell 115.8K 116.3K 112K / 110K
Fast Scalp Buy 111.3K 110.4K 113.6K
Sell at 118.3K 119.2K 114K / 112K / 108K