Technical analysis by SatoshiMultiframe about Symbol BTC on 8/5/2025

💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 1-hour timeframe . 👀 After the strengthening of the US dollar, Bitcoin experienced a drop and formed a short-term support bottom around the $113,000 level. It is currently completing a pullback to the levels of this recent decline. 🎮 Our Fibonacci retracement is drawn from the breakout zone to the $112,200 bottom. Bitcoin broke below the 0.236 level and then found support. The best potential entry trigger, based on Fibonacci, is at the 0.382 level, or around $115,000. If Bitcoin breaks above this level, it could form a higher high and a higher low in this timeframe. ⚙️ The RSI is showing a support level around 32, which is currently preventing Bitcoin from entering the oversold zone. However, if this support is lost, Bitcoin could move into oversold territory. 📈 Our long position trigger is at the 0.382 Fibonacci level. A confirmed breakout of this level, combined with RSI overbuying and increased volume, would be our entry signal. 📉 Our short position trigger is around $113,000. If this support breaks, we may open a short position. However, the main short trigger is at the 0 Fibonacci level (support at $112,200). If selling pressure increases and RSI enters the oversold zone, we will consider entering a short position with confirmation. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .