Technical analysis by ProR35 about Symbol BTC on 8/11/2025

Last weeks high: $119,322.97 Last weeks low: $112,665.39 Midpoint: $115,994.18 BTC takes back the spotlight as the week ends! Breaking through the previous weeks high just hours after weekly close and stopping just shy of ATH. This rally comes off the back of a successful bounce from $112,000 area and mirrors the previous weeks drawdown almost perfectly setting up an interesting week ahead. I am still wary of August seasonality, yes BTC and the broader altcoin market especially ETH have seen great gains so far this month but history shows August is not kind to the bulls; August '24: -8.74% August '23: -11.27% August '22: -13.99% August '21: +13.42% August '20: +2.74% August '19: -4.84% August '18: -9.0% Now history doesn't necessarily repeat itself but it does rhyme. Should BTC SFP and accept below the weekly high I would say a $115,000/ Midpoint retest is a logical move. RSI has been posting bearish deviations on HTF (1W&1M) which can suggest a shift in trend is coming but further proof of this would be needed before then This week CPI & PPI take place on Tuesday and Thursday respectively. With a September interest rate cut on the horizon this data release may be more important than it has been in recent months so I'm keeping a close eye on the result. Previous: 2.7% Forecast: 2.8% (+0.1%) For altcoins many have had great rallies, ETH predominantly after breaking through $4000, again many indicators are showing a local top is due so I am looking at price action context for any clues of a pullback to come, until then the trend is your friend. Good luck this week everybody!There's the initial retest of the weekly high breakout, the bulls need a strong bounce here.Weekly high lost with a retest to confirm it, I would say midpoint is the next step. Should the weekly high be flipped again the bulls are back in control. CPI coming soon so prepare for potential volatility.CPI comes in at 2.7%, lower than forecast. No excuse for the FED not to go ahead with a September rate cut now.Double top for the week as BTC hits $122,100 again. Seems to be an area of resistance as there is an immediate bearish reaction off the level. However, the market is so bullish as it stands price just isn't allowed to get pushed lower.A steep sell-off post PPI news release puts the September rate cut in jeopardy. Will be interesting to see if this is a V shaped recovery or not, a V-shaped recovery proves the strength of the market but a prolonged sell-off or SL cascade is not worth stepping in the way of trying to catch a knife.Looking like BTC is going to see out the week back within the weekly range set last week despite two separate rallies above the weekly high. I'm expecting volatility to continue into next week.