🧠 BTC/USDT Market Analysis & Future Outlook [August 1]

📉 Current Price: 115,375.9
🔻 24h Drop: -2.23%
📊 24h Low: 114,061.2 | 24h High: 118,823.2
📈 Volume (24h): 79.99K BTC

📌 Chart Overview (1-Hour Timeframe)

BTC recently tested a significant intraday support at 114,061.2, showing signs of a short-term reversal. A minor bounce is visible, but the overall trend remains bearish in the short term due to:

EMA5, EMA10, EMA30 all turning downward

MACD still in the negative region, though histogram is shrinking

RSI(12) at 42.5 and RSI(24) at 40.9 – signaling oversold but stabilizing

KDJ lines beginning to cross, suggesting a potential upward push

🔍 Multi-Timeframe Insights

🕒 1H Chart (Short-Term Outlook)

Price fell from 119,224.5 to 114,061.2, a steep correction.

MACD is showing early recovery signs. If DIF crosses DEA upward, expect a bullish wave.

Watch for price holding above 115,300. If maintained, next resistance is around 116,500.

🕓 4H Chart (Mid-Term Outlook)

Bearish crossover visible on moving averages.

RSI near 40: still weak but forming base.

MACD histogram is negative, but momentum is slowing.

If BTC holds this level, a recovery to 117,000 is possible.

📅 1D Chart (Macro View)

Still in correction mode from local top near 120,000+.

Support zone near 114,000 is critical. A breakdown here could test 112,500–113,000.

Recovery above 116,800 will shift structure short-term bullish.

🔮 Future Prediction & Scenarios

📍 Bullish Scenario
If BTC closes above 115,800 in the next few candles and MACD crossover completes, we could see:

Target 1: 116,800

Target 2: 117,700

Risk Level: Medium

📍 Bearish Scenario
Failure to hold 114,800–115,000 zone may push price lower:

Support 1: 113,800

Support 2: 112,400

Risk Level: High volatility expected near support levels.

🛠️ Strategy Note (Not Financial Advice)

Traders may look to:

Accumulate in small portions if price stays above 114,000

Set SL below 113,800 for safety

Watch RSI, MACD crossover, and price action near 115,800–116,200
#BTC#