Technical analysis by MyTradingJournal6th about Symbol BTC on 8/9/2025

Summary: HTF uptrend intact; price is compressing inside a rising channel just under 117.4–117.6 (PDH/supply/premium edge). Intraday path: hold 116.7–116.9 → retest 117.4; lose 116.7 → slide to PDL/EQ. Structure Weekly: HH/HL above trendlines; weak high ~120k remains a magnet if 118k clears. Daily: Riding 21/50D EMAs in an ascending channel; shallow pullbacks bought. 4H: Repeated rejections at 117.4–117.6; higher lows along inner trendline. 30m: Tap of channel/EMA confluence 116.7–116.9 after a PDH sweep; momentum neutral. Key Levels R1: 117.4–117.6 (PDH/EQH) R2: 117.9–118.2 R3: 119.6 R4: 120.0k (weak high/liquidity) S1: 116.9–116.7 (trendline + EMAs) S2: 116.1 (PDL) S3: 115.5–115.0 (Equilibrium block) S4: 114.9–114.4 (demand) S5: 112.8–112.2 (discount/“strong low”) Momentum / Volume RSI mid-50s (room either way). ADX ~23 (trend mild) → next break likely expands. Sell wicks at PDH; lighter pullback volume favors bounce if S1 holds. Setups (If-Then) Breakout Long: 30m/4H close >117.6 → 117.9/118.2 → 119.6 → 120k. Invalidation: swift slip <117.2. Range Long (buy the dip): Bullish reaction at 116.7–116.9 → 117.0 → 117.4–117.6. Invalidation: 30m close <116.7. Breakdown Short: Clean 30m close <116.7 then <116.0 → 116.1 → 115.5–114.6; stretch 112.8. Invalidation: reclaim >116.9. Bias: Neutral-to-bullish above 116.7 (look for 117.4 retest / 118k squeeze). Bearish below 116.7, targeting PDL → EQ. Wait for edge breaks; avoid mid-range chop 117.0–117.3.