Technical analysis by ScramblerG about Symbol BTC on 8/29/2025

Bitcoin (BTC/USDT) – 4H Chart Update BTC is trading near $110,000 and respecting a descending trendline. The price is currently consolidating near support with RSI around 40, showing slight weakness. Immediate Support → $109,456 Long-term Support → $98,376 Immediate Resistance → $112,935 Long-term Resistance → $122,879 Possible Scenarios: Bullish Case (Long Setup): A breakout above $112,935 could open doors to $116,818 → $120,001 → $122,879. Long entry valid above breakout confirmation, SL below $109,456. Bearish Case (Short Setup): Failure to hold $109,456 could drag price down to $105,189 → $102,154 → $98,376. Short entry valid below $109,456, SL above $112,935. The market is at a critical decision zone – waiting for a breakout/rejection will give clearer direction. DYOR | Not Financial Advice