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๐ Bitcoin (BTC) Market Technical Analysis โ 4 August 2025
๐ Todayโs Live Insight
Live Price: ~$114,466 | Range: $113,675 โ $114,880
๐งญ Market Snapshot
Bitcoin is consolidating just under its intraday high of $114,880 after rebounding firmly from lows near $113,675. The market is digesting recent strength, while optimism builds around potential Fed rate cuts.
๐ Price Momentum & Trend
Price pulled back from the dayโs high into the $114kโ$114.4k zone, showing indecision after recent gains.
Short-term trend: Bullish but cooling into sideways action.
Mid-term trend: Upward trajectory intact, supported by macro tailwinds.
Long-term trend: Well above major moving averages, underlying structure remains constructive.
โ๏ธ Indicator Overview
RSI sits around midโ50s, suggesting room for upward movement before hitting overbought territory.
MACD remains in bullish mode, though its lines are flatteningโmomentum steady but not accelerating.
MAs: BTC remains above the 50-day and 200-day averages, reinforcing the broader bullish bias.
๐ Structure & Chart Setup
A bull flag is forming on the 4โhour chart: after rallying close to $114,900, price entered a tight consolidation. A breakout above this region could push BTC into the $115,500โ$115,800 zone. Conversely, a drop below $113,700 might trigger a pullback toward $113,200โ$113,000.
๐ ๏ธ Trade Setup Suggestions
โ Bullish Setup
Entry: $114,300โ$114,600 zone
Targets: First at $114,900โ$115,000, then $115,500โ$115,800
Stop-Loss: Below $113,900
โ ๏ธ Bearish/Caution Scenario
If price drops below $113,700
Potential downside target: $113,200โ$113,000
Stop above $114,200 to manage risk
๐ฏ Final Thoughts
Bitcoin is showing resilience and forming a base just below its intraday peak. A clean break above $114,880 could signal another leg higher toward $115,500โ$115,800. But a dip below $113,700 may invite a modest test of support nearer $113,200. Momentum remains steadyโtrade with defined risk and let chart structure guide your decisions. ๐๐
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