Technical analysis by ProR35 about Symbol BTC on 8/4/2025

Historically August has been a tough month for crypto in the past with mostly flat to negative returns. For that reason, although not a perfect science, I would not be surprised if we see a rangebound environment continuation for BTC. So what would that look like? Structurally there are three thirds to the range, currently price is looking to break through into the upper third after bouncing off the bottom third bullish orderblock. Trade setups will naturally present themselves as rotational plays both bullish and bearish at the extremes of each of the thirds but much larger trades from the range top and bottom. Altcoins are lagging behind BTC structurally so where BTC has been choppy for a few weeks, most large cap alts have hit their highs and are now looking to settle into a range before the next leg up.Really strong start to the week for BTC breaking through major resistance to tag ATH. For the bulls you need the major resistance area retest and confirm as new support for a potential next major leg up. A loss of that level (SFP) would open the door to a mean reversion play.SFP of the Major Resistance level post CPI, acceptance here would trigger a retest of $115,000 IMO. Idea invalid should the Major Resistance level get flipped.Range high tagged! Does BTC breakout or retreat from here?