Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Entry 112,460.0000 2025-08-02 18:18 UTC
Target 112,000.0000 In 6 Hours
Fail 123,000.0000
Risk / Reward 1 : 0
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Final PnL
0.41%
P/L:
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BTCUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
Body
The analyst observes Bitcoin accelerating in a short-term bearish trend, driven by outflows from Bitcoin ETFs, while Bitcoin dominance is rebounding, bad for altcoins.On the weekly Bitcoin chart, the Super Trend indicator remains green, suggesting a larger bull market. However, bearish divergence is detected, with higher highs in price but lower highs in the weekly RSI. A close below $113,000-114,000 would confirm this signal, leading to a larger slowdown. Ethereum also shows similar bearish signals, aiming for a target price of $2750, this pullback for ETH is underway and should continue further; a price move to $3900 would invalidate the analysis. XRP has reached a very critical point and needs attention regarding a potential pull back, the analyst sets a target to two dollars or 2.5 for a 13 to 14% drop. This will confirm its bearish divergence. Chainlink is breaking below support at $17.5, potentially heading towards $15.5 and beyond.
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