🌐BTC MARKET SENTIMENT

Let's Breakdown BTC Market and It's Trend

📊 Chart Breakdown (BTC/USDT – Binance, 1D timeframe)

• Date Highlighted: 2025-08-23

• Open Price: $116,936

• High Price: $117,030

• Low Price: $114,560

• Close Price: $115,438

• Change: -1,497.94 (-1.28%)

• Volume: 11,329.36 BTC (~1.31B USDT turnover)

• Amplitude (Daily Volatility): 2.11%

🔹 BTC dropped from $116,936 → $115,438, showing selling pressure.
🔹 Recently, BTC touched a local high of $124,474 before retracing down to $111,684.79 (a strong support zone).
🔹 Current price is around $115,076, very close to the average line (AVL 115,525), suggesting consolidation.

📈 Market Sentiment

• Trend: BTC is in a sideways/downtrend after failing to hold above $124k.

• Support Zone: $111,000 – $112,000 (buyers have stepped in here multiple times).

• Resistance Zone: $117,000 – $118,000 (strong rejection point).

• Short-term sideways prediction (grid trading suggestion):

  • Price range between $109,596 – $115,000 (3–7 days).

• Mid-term sideways (7–30 days):

  • Range between $109,755 – $116,000.

This shows that the system expects BTC to trade sideways within 110k–116k.

🔮 Forecast for Coming Days

Based on candlestick patterns, support/resistance, and volume:

1. Bullish Scenario (less likely unless breakout):

   • If BTC breaks above $117k with volume, it could retest $120k–122k.

   • Above $124k, a rally toward $128k+ is possible.

2. Bearish Scenario (more likely in short term):

   • If BTC breaks below $112k, next strong support is $109k–110k.

   • A deeper drop could test $105k–106k.

3. Neutral / Sideways (most likely for now):

   • BTC will move between $111k – $116k over the next 7–10 days.

   • Traders can use short-term scalping/grid trading in this zone.

⚡ Trading Strategy Suggestions

• Short-term traders (3–7 days):

  • Buy near $111k–112k support.

  • Sell near $116k–117k resistance.

• Swing traders (7–30 days):

  • Watch breakout zones:

    • Above $117k → Long toward $120k–124k.

    • Below $111k → Short toward $106k–108k.

• Long-term holders (HODLers):

  • This range is accumulation zone before a big move (Q4 usually strong for BTC historically).

✅ Results:
BTC is consolidating between $111k–117k. Short-term sideways moves expected.
A breakout will decide next big direction:

• Bullish above $117k → target $120k–124k.

• Bearish below $111k → target $106k–108k.

  $BTC

  #StrategyBTCPurchase #bitcoin