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

__________________________________________________________________________________ Market Overview __________________________________________________________________________________ Momentum : Market is showing bullish momentum 📈, consolidating at the top of its post-ATH range, with higher lows preserved and no excessive jargon. Key Levels : • Resistances (1D/4H/2H): 117,723 (240 pivot), 119,658 (W pivot), 119,863 (720 pivot), 123,182 (D pivot) • Supports (1D/4H/2H): 115,903 (240 pivot), 114,708 (240 pivot), recent daily demand zone >112,000 Volumes : Generally normal volumes; moderate spikes on 1H/15m during resistance tests. Multi-timeframe signals : Clear bullish structure on 1D to 2H; short-term weakness on 30m–15m, local bearish bias. Risk On / Risk Off Indicator context : Neutral-buy bias on daily/HTF, but short-term sell signal on 30m–15m → local risk-off bias. __________________________________________________________________________________ Trading Playbook __________________________________________________________________________________ Global bias : Bullish as long as 115,903 (2H/4H support) holds on closing basis; invalidation below this level. Opportunities : • Buy on controlled pullback towards 116k–115,903 with LTF confirmation. • Breakout long on close/retest above 117,723 targeting 119,658/119,863 then 123,182. • Tactical short scalp on clean rejection from 117,723 if Risk On / Risk Off Indicator stays on Sell (LTF). Risk/invalidation zones : Bullish invalidation below 115,903 (2H/4H close) exposes the 110k area. Macro catalysts : • Persistent geopolitical tensions & stablecoin regulatory headlines; volatility possible. • Institutional inflows (ETF, Harvard) strengthen the setup, but no immediate technical macro trigger. • Intermittent risk-off climate from external news. Action plan : • Entry: Long on reversal signal at 116k–115,903, OR confirmed breakout above 117,723. • Stop: Below 115,903 (pullback) OR 117,043 (breakout). • TP1: 117,723 / TP2: 119,658–119,863 / TP3: 123,182 • R/R: Aiming 2:1 or better; move stop to BE after TP1. __________________________________________________________________________________ Multi-Timeframe Insights __________________________________________________________________________________ 1D/12H/6H/4H : Bullish price structure, higher lows, key support at 115,903; positive momentum, further move expected on clean breakout above 117,723. 2H/1H : Confirmed bullish flow, steady bid as long as 115,903–116k area holds; increased volume at resistance tests. 30m/15m : Notable short-term weakness, Risk On / Risk Off Indicator is on Sell, possible fake-outs above 117,723; short setups possible. Divergences : Daily bias is bullish, but short-term signals indicate local seller dominance—careful of traps around breakouts. __________________________________________________________________________________ Macro & On-Chain Drivers __________________________________________________________________________________ Macro events : Geopolitical tensions (Ukraine, Middle East), US/EU economic divergence, stablecoin regulation uncertainty (US/China). Bitcoin analysis : Institutional flows are strong (Harvard position, ETF inflows), 117.8k is the psychological breakout level for a melt-up, no significant profit-taking seen. On-chain data : “Air gap” below ~116k, key operational support at 115,9k; no extreme outflows. Expected impact : Technical bullish bias reinforced if supports hold, but macro risk warrants cautious stop placement. __________________________________________________________________________________ Key Takeaways __________________________________________________________________________________ Market remains broadly bullish with strong supports around 115,903 and high-probability setups on validated pullbacks or a clean breakout above 117,723. The prime setup is to buy controlled drops or confirmed breakouts with tight stops. Institutional activity and macro context broadly favor upside, but geopolitics require cautious management. __________________________________________________________________________________