Technical analysis by readCrypto about Symbol BTC on 8/22/2025

Hello, traders! Follow us for quick updates. Have a great day! ------------------------------------- (BTCUSDT 1D chart) This period of volatility is expected to last from August 23rd to 25th. It found support near 111696.21 and rose above 115854.56. Therefore, the key question is whether it can find support near 115854.56 and rise above 119177.56. If it falls below 115854.56, it could fall to around 108353.0. If it rises above 119177.56 this time and holds, it could attempt to rise near the right Fibonacci level 2.618 (133889.92) during the next volatility period, around September. Therefore, we should watch for support in the HA-High ~ DOM (60) range of 115854.56-119177.56 and see if it rises above that level. - Looking at the OBV indicator of the Low Line ~ High Line channel, it appears to be transitioning into a downward channel. Therefore, if the OBV indicator fails to rise above the High Line, there is a possibility of forming a short-term top. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- - ​​Here's an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain more in detail when the bear market begins. ------------------------------------------------------#BTCUSDT The M-Signal indicator on the 1W chart appears likely to form at the 116259.91 level. Therefore, I believe the 115854.56-119177.56 range is likely to act as resistance. Buying is needed to break above the 115854.56-119177.56 range. Therefore, we need to monitor whether the TC (Trend Check) indicator rises above 0 and maintains the upward trend. This period of volatility is expected to last until August 25th. The next period of volatility is expected around September 9th. At this point, you should watch for a rise above 115854.56-119177.56 or a decline below 104463.99-106133.74. If the price falls below the M-Signal indicator on the 1W chart and remains there, a downtrend is likely, so you should consider a response plan. If this happens, the price is likely to decline until it meets the M-Signal indicator on the 1M chart.