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

⏱️ We’re analyzing Bitcoin on the 1-hour timeframe. 👀 After breaking below its support zone at 107,402, Bitcoin experienced a correction along with increasing sell pressure. The price then moved toward the 112,200 support area, where it formed a V-pattern — which has now been broken to the upside. 🎮 We’re using Fibonacci levels to identify key resistance zones and long-entry triggers. A higher low has formed above the 112,217 support and above the 0.382 Fib level, which could serve as a strong confirmation of the breakout . ⚙️ The RSI oscillator on the 1H chart is currently above 50. If buying volume increases, RSI may enter the Overbought zone. The critical level here is 70 — breaking above it can act as a confirmation for a long position . ☄️ A specific Fibonacci-based zone, linked to market maker sellers and supply pressure, was touched, triggering a reaction — around 177 BTC were sold following that touch . 🖥 Summary : As long as Bitcoin stays above its previous high, there’s no immediate concern for long positions. Based on the confirmations above, you may consider entering a long position upon a resistance breakout and taker-seller zone clearance . 📉 No short positions are planned until the 110,000 support level is clearly broken .