Bitcoin settles at $ 114,000 – however, the main scale is one warning! star-news.press/wp

Main meals

The next long liquidation area in BTC is about 113.2 km -113.4 km, but the display article remains by 10 % does not show a strong benefit on the purchase aspect. Did BTC really achieve a bottom yet?

Bitcoin (BTC) ended July with a 4.26 % red candle, which represents its first noticeable corrective step in weeks. Historically, similar weekly withdrawals were the stages of accumulation.

Date or at least rhymes are repeated less than $ 120,000

Since Q2, BTC has been constantly printed the lowest levels.

The first was after a 5 % weekly decrease, which created a structural base of about 77 thousand dollars, and a five -week rally stimulated to 109 thousand dollars.

The second rule formed in the demand area is $ 105 thousand-109 thousand dollars, which enhances the completion of the highest level ever. Both settings are distinguished by almost four weeks of monotheism before the upscale expansion.

Source: TradingView (BTC/USDT)

Now, with a new weekly closed weekly decline and fourth weekly BTC printing, it appears to be established again.

If the previous structure is repeated, BTC can build its third base in the range of $ 110,000 to $ 119,000.

What’s more, there is already a solid yellow liquidity set building About 114.5 thousand dollars, accumulate approximately $ 24 million in short -sided liquidity. The sweeping of this level of structural support can enhance the BTC price.

However, without turning towards the dominance of the bid side, this step risks lacking follow -up.

The bulls need to create a clear accumulation on the chain below this area to check the setup preparation.

BTC Orderbook indicates the weak commitment to the purchase aspect

10 % bitcoin bids on Binance spot He tilted to the side of ASS, at the time of the press, showing that the sellers had the upper hand.

On the red graph (left), the ratio was at -0.208, a little better than the average 24 hours -0.27, but still shows the weak buyer’s interest.

The purple chart (right) tells the same story, where the value is at 0.044, less than average 24 hours at 0.066. Most activity is lower than the neutral line, which means that sellers are still controlling.

Source: Hyblock Capital

What is different this time is the folder.

The BTC’s weekly graph shows red size accumulation, while green bars are less than the peaks that we saw during the last base construction phases. This is a clear sign that Bulls has not completely entered.

In general, Bitcoin investigates a base, but pressure from demand and silent size indicates weak accumulation. Unless strong offers begin to enter, any payment remains at the risk of fading.