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

As expected, the market couldn’t sustain the overheating. Over the past few days, Bitcoin has shown clear signs of weakness. The rally from $105K to $118K happened too quickly, without proper correction, and with noticeably declining volume toward the end of the move. In such situations, the market often loses footing — and that’s exactly what we’re seeing now: BTC has corrected down to $114,000. If you've been following my analysis, you know I pointed out signs of overheating earlier: strong deviation from moving averages, weak reaction at key resistance levels, and upward wicks without volume confirmation. My indicator gave an early warning of trend weakening around the $117–$118K zone. That’s when it became clear momentum was fading. This isn’t a crash or panic — it’s a normal, healthy market correction. Overleveraged long positions are getting flushed out, and late entries at the top are being shaken off. In such phases, it’s crucial not to react emotionally but to follow a clear system. The key point: markets don’t reverse “suddenly.” Everything happening now was visible in advance — if you were looking not just at price, but at the structure of the movement.