Technical analysis by RakyatTrader about Symbol BTC on 8/28/2025

Scenario 1 – Bullish Continuation Price has broken above the minor supply zone around 112,800 – 113,000. If this breakout is confirmed with a valid retest, the next upside target is the supply zone at 115,000 – 115,500 (Fibonacci extension 1.618). A solid breakout above this level could extend the rally toward 119,500 (Fibonacci 2.618). Trading plan: Entry buy after a retest of 112,800 – 113,000 (with bullish confirmation candle). Targets: 115,000 then 119,500. Stop loss: below 112,000 (to invalidate false breakout). Scenario 2 – Bearish Rejection If price fails to sustain above 113,000 and forms a strong rejection, a deeper correction is likely. The nearest support zone sits at 111,000 – 111,500 (Golden Ratio 0.618–0.786). Trading plan: Entry sell on rejection from 113,000. Target: 111,000. Stop loss: above 113,500. Scenario 3 – Bearish Breakdown If the 111,000 level breaks decisively with a solid candle body, bearish pressure will dominate. The next correction target is the demand zone around 108,000 – 108,500. Trading plan: Entry sell after a confirmed break below 111,000. Target: 108,000. Stop loss: above 112,000. Conclusion BTCUSD is now at a critical juncture around the 113K supply zone. A confirmed breakout could open the way toward 115K–119K, while failure to hold above 113K may trigger a correction toward 111K or even 108K. The key focus is on price action confirmation around 113K to define the next market direction.