Updated Short-Term (1 Day) Technical Snapshot — Bitcoin (BTC)

16th August 2025 03:01 UTC

Current Price: ~117,708 (*at the time of this analysis)

RSI (14): 51 — neutral zone, no clear overbought or oversold pressure

MACD (12,26): +1,082.7 → bullish momentum, though needs confirmation

ADX (14): 21.3 → indicates a weak trend, possibly consolidating

Ichimoku Cloud: Not included in summary gauge — but using general guidelines: above base/conversion = bullish tilt; within/under cloud = neutral/bearish

VWAP: Not in the gauge — but VWAP remains a key reference for average daily price and intraday sentiment

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Refreshed Trade Setup (1-Day Horizon)

Bias: Slight bullish, supported by positive MACD and neutral RSI—trend remains tentative.

Entry Point: $117,700 (current level)

Take Profit (T1): $119,000 — near recent intraday peaks, psychologically important figure.

Stop Loss: $116,400 — just below VWAP expectations and minor intraday support.

Confidence Level: ~60% — technicals show modest strength, but trend remains fragile.

Rationale:

RSI is neutral (~50), giving room for upward or downward moves.

MACD is positive with momentum, suggesting potential continuation if buyers hold.

ADX ~21 signals that there’s no strong trend yet; keep size moderate.

VWAP (not shown) would help gauge if the price is holding above average execution; entering near current FX levels is reasonable.

Ichimoku guidance suggests evaluating price relative to Conversion/Base lines; being above them indicates potential short-term support.

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Summary

Metric Current Value Interpretation

Price $117,708 Steady, potential consolidation
RSI (14) 51 (neutral) No extremes

MACD +1,082.7 (positive) Mild bullish momentum

ADX (14) 21.3 (low) Weak trend; range environment likely

Ichimoku Cloud Not in summary; use contextually Price above key lines = mild support

#btc#