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

BTCUSDT
Entry
116,700.0000
2025-08-07
16:31 UTC
Target
118,900.0000
In 3 Days
Fail
111,859.0000
Risk / Reward
1 : 0
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Final PnL
1.89%
P/L: —
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BTCUSDT
Correct

Body
The analysis focuses on Bitcoin and Ethereum price charts. For Bitcoin, the analyst discusses a double bottom formation on the 4-hour timeframe suggesting a potential upward movement. The major support for Bitcoin is around 111960. On the 3-day timeframe, while a bearish crossover has occurred in the past, the MACD suggests a potential flip to the upside with the possibility of a new all-time high. However, weekly timeframes present a bearish divergence between price structure and the RSI, indicating potential price decreases. Fibonacci retracement analysis on a 4-hour timeframe identifies a resistance at 117000 and a subsequent resistance at 120000. For Ethereum, multiple support and resistance levels are identified, including a recent rejection from a resistance point, it needs to be above 3900 to continue its bullish trend.