Technical analysis by xfzzhs2tbj about Symbol BTC on 8/10/2025

📊 Market Breakdown BTC is trading at $118,603, consolidating in a bull flag pattern right inside the Golden Fib Zone (~$116K–$119K). The 200 EMA at $101,643 remains well below, showing this is still a bullish mid-term trend. If we break out, $123K (Premium/Supply Zone) is next — but if the flag fails, we could revisit equilibrium. Trend: Higher highs and higher lows since the April 2025 bottom; now flagging under major resistance. Key Structure: Golden Fib Zone acting as a launchpad; $116K equilibrium below as near-term support. Volume: Consolidation volume dropping — typical for a flag before breakout. Indicators: MACD: Bearish crossover still present but flattening — momentum could flip. RSI: 59.16 – mid-zone, leaving room for an upside push. 🛒 LONGS (Bullish Scenario) Buy Zones: 🎯 Aggressive Entry: $116K–$117K bounce within flag ✅ Confirmation Entry: Daily close above $119.5K Take Profits: 1️⃣ $123K – Premium/Supply Zone 2️⃣ $128K – Upper channel resistance 3️⃣ $135K – Extension target if breakout is strong Stop-Loss: $114.5K Why This Works: Bull flag breakouts often lead to sharp continuation moves; $123K is the first magnet above. 🛑 SHORTS (Bearish Scenario) Sell Zones: 🚨 Aggressive Entry: Rejection at $119.5K 📉 Breakdown Entry: Close below $116K Take Profits: 1️⃣ $112K – Mid-channel support 2️⃣ $107K – Pre-breakout base 3️⃣ $101.6K – 200 EMA & strong demand Stop-Loss: $121K Why This Works: Losing $116K invalidates the bull flag and opens the door for a retest of the lower supports. 🔍 Technical Highlights Bull Flag in Play: Textbook consolidation before a possible leg higher. Golden Fib Zone: Price coiling in a key retracement area before breakout/rollover. Macro Watch: BTC’s next move will heavily influence crypto-related stocks (MSTR, RIOT, MARA).