Total Quality
Score
If You Had Traded on This Analysis…
Correct

BTCUSDT
Entry
114,900.0000
2025-08-07
01:09 UTC
Target
119,600.0000
In 4 Days
Fail
113,300.0000
Risk / Reward
1 : 3
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Final PnL
4.09%
P/L: —
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Body
The analyst discusses Bitcoin's price at approximately $115,000. He mentions the new Bitcoin day starts at 8 PM Eastern Time (00:00 UTC). A question about the Bitcoin day start time is answered, confirming UTC time. He notes a volatile day with a move up of 0.7% after an initial move down, but also shows the closing in this area. Discussion around the 38.2 Fibonacci level around $113,000 is held for being prevailing and having a backtest that worked well. The analyst then goes into an M and a W pattern analysis. The M pattern suggesting a bearish breakdown below prior lows and the W pattern a new higher high. He then examines the Bitcoin Exchange Liquidation Map, noting more longs than shorts on the one-day frame, and the shorts eclipse the longs on the 30-day frame. Shifting to a shorter timeframe, it's suggested the price might range, before identifying $116,100 as the next upside level. A price of 113.3k is pointed out, which if broken to the downside, would invalidate any potential higher movement, and the target will be around 109.6k. He also likes an idea that will find support here to turn bullish to around 120k. 12 minutes left in the hour, to reach $97 from current $114,867