đš Bitcoin Market Update â August 7, 2025 đš
Today was a weirdly volatile day for $BTC , but the bullish structure remains intact. We're still tracking two directly bullish scenarios â both are valid and holding well despite deep pullbacks.
â Key Developments:
Price reached $117,520, pushing toward a liquidity cluster around $118K
The recent pullback seems like a corrective wave 4
We could be mid way through a wave 3 in a diagonal structure, aiming next for $130K+
A pullback might begin soon near $118K, forming wave 4, before continuing higher in wave 5
â ïž No signs of a macro top yet. Despite some broken micro supports, broader crypto markets have respected key zones. As long as $BTC holds support, higher targets remain on the table.
đŻ Still tracking a possible:
Wave 3 â $118K
Wave 4 pullback next
Then Wave 5 â $130K+
Short term action is choppy, but structure points up. Stay alert micro setups are messy but price action is respecting the broader bullish plan.
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