#BTC Weekly Report‼️ (Week 4 of August)
【Weekly Level】
1) Proposed on Feb 23, 26: Bitcoin would get supported and rebound strongly in the weekly range 48888-59800. 200 days have passed, and it has proven correct ✅
2) The weekly pressure zone range is also where an FVG has been broken ❌. The first two times it hit resistance and dropped. The third time it broke through—this indicates that the forces between longs and shorts are switching, with the market transitioning from short-term dominance to long-term dominance.
【Daily Level】
If we treat the bottom formation at 57758 as a head-and-shoulders bottom, the target is 76089—already achieved beyond expectation. This level of upward move will not drop straight down to A. Next, it will likely enter a period of high-level consolidation.
1) The daily pressure zone is 78800-82900, where resistance is relatively strong. After a just-explosive surge, it’s hard to break through in one go.
2) A direct daily breakout surge has left no structural support below—there is only the neckline at 67000. That distance is too far, so it isn’t meaningful yet. We need to wait for the daily chart to form its own support.
【4-Hour Level】
1) Chasing longs on the 4-hour timeframe has a very low cost-effectiveness. It also won’t switch directly to a short. Most likely, it will be a high-level ranging market—only within the range can you look for support and resistance for short-term trades.
2) For short-term: resistance zone 77600-78800, downside support 76000 (short-term), and 71000-73500 (swing).
【Weekly Level】
1) Proposed on Feb 23, 26: Bitcoin would get supported and rebound strongly in the weekly range 48888-59800. 200 days have passed, and it has proven correct ✅
2) The weekly pressure zone range is also where an FVG has been broken ❌. The first two times it hit resistance and dropped. The third time it broke through—this indicates that the forces between longs and shorts are switching, with the market transitioning from short-term dominance to long-term dominance.
【Daily Level】
If we treat the bottom formation at 57758 as a head-and-shoulders bottom, the target is 76089—already achieved beyond expectation. This level of upward move will not drop straight down to A. Next, it will likely enter a period of high-level consolidation.
1) The daily pressure zone is 78800-82900, where resistance is relatively strong. After a just-explosive surge, it’s hard to break through in one go.
2) A direct daily breakout surge has left no structural support below—there is only the neckline at 67000. That distance is too far, so it isn’t meaningful yet. We need to wait for the daily chart to form its own support.
【4-Hour Level】
1) Chasing longs on the 4-hour timeframe has a very low cost-effectiveness. It also won’t switch directly to a short. Most likely, it will be a high-level ranging market—only within the range can you look for support and resistance for short-term trades.
2) For short-term: resistance zone 77600-78800, downside support 76000 (short-term), and 71000-73500 (swing).
