🚨 [ANALYSIS OF BTCUSDT – DATE 31/7]

🕰 Timeframe 1D + H4 | Technical summary, price action & macro

❇️ OVERVIEW

👉 BTC is moving in a medium-term uptrend channel but currently shows signs of hesitation at the old peak of 117.7k – 118.5k.

👉 The 1D RSI is weakening, H4 breaks EMA200, a Lower High – Lower Low pattern appears – the selling pressure signal is increasing.

👉 The Fed keeps interest rates unchanged (30/7): Neutral impact → the market needs clearer signals from Powell to break out.

❇️ IMPORTANT PRICE LEVELS

👉 Resistance: 118.5k (Strong High) → if broken will extend to 124.7k.

👉 Near support: 114.7k → 113.2k (EMA cluster + trendline).

👉 Deep support: 108k – 107k (strong demand zone + lower edge of the uptrend channel).

⚔️ TRADING SCENARIOS (FOR REFERENCE)

🟢 Long BTC if breakout

👉 Entry: 11860 – 11900

👉 SL: 11680

👉 TP: 12400 – 12500

📌 Condition: H4 candle closes above 11850 + volume breakout

🔴 Short BTC breakdown

👉 Entry: 11300 – 11350

👉 SL: 11480

👉 TP: 10850 – 10700

📌 Condition: Price breaks below 113.2k, confirms EMA break + RSI decreases

🟡 Sideway wait for reaction:

👉 Stand aside to observe

👉 Range: 114.5k – 118.5k

👉 Wait for clear signals from price action & upcoming macro news

💥Note: This is personal analysis, not an investment recommendation. Strict capital management – no FOMO – adhere to trading discipline.

💵 Wish you all good luck in trading!

$BTC