My current analysis for BTC possible bounce or breakout today!!!
I want to share my analysis, and hoping someone could share some more ideas about this chart below, and maybe there's something that I didn't notice in my analysis.
So far this is my analysis below:
Scenario #1:
Possible bounce at around $112k on August 20, 2025, and it might be just a retracement and going to retake to hit $125k.
Reason: Stochastic oversold signal.
Scenario #2: Possible breakout, and it might go down more below $106k-$108k or near the anchored VWAP.
Reason: RSI is not oversold yet and there is no divergence signal yet.
So far this is my analysis below:
Scenario #1:
Possible bounce at around $112k on August 20, 2025, and it might be just a retracement and going to retake to hit $125k.
Reason: Stochastic oversold signal.
Scenario #2: Possible breakout, and it might go down more below $106k-$108k or near the anchored VWAP.
Reason: RSI is not oversold yet and there is no divergence signal yet.