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

BTCUSDT
Entry
116,450.0000
2025-08-09
03:14 UTC
Target
119,000.0000
In 1 Days
Fail
113,000.0000
Risk / Reward
1 : 1
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Final PnL
2.19%
P/L: —
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BTCUSDT
Correct

Body
The analyst discusses the Bitcoin to USDT pair. The current price of Bitcoin is approximately $116,888.91. Initially, the analyst expects a price drop to around $115,800.00. He suggests a possibility of $114,500. A specific trend line is drawn, with resistance expected at the 0.5 Fibonacci level. However the analyst adjusted his view now expecting the market to go up. He highlights recent market behavior, where the price finds resistance at the 0.5 Fibonacci level before falling to the 0.236 level. Analyst expects reaching target of $119000.00 by the end of the week. Analyst also highlights if $113000.00 support fails, analysis will be invalidated.