Technical analysis by Quant_Trading_Pro about Symbol BTC on 8/9/2025

BTC has been respecting this ascending trendline since late June, with buyers stepping in each time price approached support. Now, price is hovering just above the trendline while the upper supply zone remains a strong ceiling. A clean bounce here could push us back toward 120K resistance, but a breakdown would likely open the door to a deeper pullback toward the June demand zone. Bulls need to defend this level decisively to avoid losing the uptrend momentum.