On August 25th, the analysis of BTCUSD on the daily timeframe identifies that since July 10th, BTC has hit a low of $110.5k. Shorts are at 3 billion and longs are piling on at $110k. Moving up while shorts keep piling on is good. Moving down while longs are piling on is bad. Lots of longs pile on this $110k level. He says, it would need to get above the day close of $113.5k for him to be convinced that the low has been reached. The market could drop a further 4k. On the 1H time frame on the chart, the price is currently in retreat. According to RSI, higher highs are in the RSI with lower highs in the price, it’s a hidden bearish divergence. The stochastics are rejecting at the overbought on, not looking good. There are 32 minutes left in this hour to get a better idea. There could very well be some higher all-time prices by the end of the month. As many shorts are being set in the short term, this means there is potential for skyrocketing as such.