Technical analysis by Sive-Morten about Symbol BTC on 8/7/2025

Morning folks, So, in general as you can see our upside AB=CD that we discussed last time is working. But... as you know BTC is strongly related to liquidity dynamic on US domestic system. This month Mr. Bessent wants to re-finance 1Trln in debt, with net borrowing around 250 Bln. Hardly BTC will get a small chunk of this funds. it means that the volatility could rise significantly in nearest 1-2 weeks with downside price gravitating. Overall action looks rather heavy. Maybe BTC somehow will complete AB=CD target around 116.20-116.25K, but now this action looks like retracement - no thrust, slow action a lot of overlapping candles. So lows might be re-tested or even broken. In current situation we think it would be better to not take any new longs and watch for clarity. If you have position already - move stops to breakeven.