Technical analysis by Merlia_key about Symbol BTC on 8/21/2025

My choice is to use some very basic indicators as Pivot Points Standard - available in every exchange and TV for free. From the settings menu, just choose - Camarilla Pivots. I prefer to hide 1 and 2 and to use only P - pivot and S5, S4, S3, R3, R4, R5. My observation. Usually S4 is support and bounce level. R4 - resistance, rejection level. They could be used on any time frame. 3, 5, 15 minute - daily pivots; 30 minutes up to 8 h - Camarilla pivots for the week. D - monthly; W - pivot levels for the year. BTC reached S4 and still this level gives strong support. Nothing wrong if it goes to S5, but it will mark weakness. And yet, if BTC don't loose it, there is a chance a long term bullish continuation to be held. There is new moon in Virgo - 23.08. Usually new moon is the start of the new cycle, but the start starts with clearing the “floor“ so to say. Move down ant testing the health of lower levels. For now, BTC holds not only S4 - Camarilla pivots, but 50% of Asia - 19.08. It already take 50% from the previous red vector candle. Price projection till the end of the week, based on the factors, indicators and characteristic of the price action, mentioned above. If BTC loose S4 - S5 109700 has to hold. If BTC continue up to S3 before saturday, it could be more build for the short, rather bullish continuation. I will not take any action or trade before Monday 25.08.25