Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Entry 113,578.0000 2025-08-06 02:13 UTC
Target 116,711.0000 In 1 Days
Fail 112,596.0000
Risk / Reward 1 : 3
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Final PnL
2.76%
P/L:
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BTCUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Range Market
Body
The analysis identifies a red pin bar for Bitcoin. The price touched the 50 moving average, suggesting it will fall to test 106-107K, the lower line of the downward channel. A potential double bottom in the 4-hour timeframe could suggest a move back above 116k if the 50 moving average holds. A daily chart shows the upward trendline, that has been broken and now retested, from which the presenter expects it to fall. A break of the 50 moving average might push the price to a 116k - 118k, and if we break it another 116k is in sight. The S&P 500 is attempting to rebound from a recent dip. Ethereum might try to give a megaphone formation. SOL could break above a down trend if bullish and then it can go long.
Principled
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