🚨 BTC Market Update — August 28, 2025

Current Situation

BTC Price: ~$108,583
24h Change: -3.62%
Recent ATH: $123,731 (Aug 14, 2025)

YTD Growth: +82.79%

Despite this correction, BTC remains within its 2024–2025 bull cycle, supported by the Halving effect and continued ETF inflows.

📊 Market Sentiment: Fear Dominates

Fear & Greed Index: 39 (Fear)

This reflects investor caution, but historically, fear has often been a good accumulation opportunity for long-term holders.

🔑 Key Levels to Watch
Support Zones (Potential “Buy the Dip” areas):
$107K – $110K: Most critical zone. If price holds here, the uptrend stays intact.
$111.2K – $113K: Secondary supports from technical indicators.

Resistance Zones (Profit-taking pressure):

$112K – $113.5K: Immediate challenge.
$114.2K – $117.2K: Strong resistance; breakout here signals trend continuation.
$118K – $120K: Psychological barrier before aiming for new ATHs.

📈 Overall Assessment & Scenarios

Trend: Bullish cycle intact, but short-term volatility remains high.
Risk: A confirmed break below $107K could trigger deeper correction.
Outlook: Holding support + breaking resistance may pave the way for $130K–$150K year-end targets.

📝 Conclusion: Patience is key. All eyes on the $107K support zone — whether it holds or breaks will guide BTC’s next big move.

Disclaimer: This content is for informational purposes only and not financial advice. Always DYOR before investing.

#ETH# #gateio# #BTC# #Cryptolive#