The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Crypto Circle Academician: August 8, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 116,400. It is now 1:40 AM Beijing time. The double top has not formed, and there has been a spike followed by a hanging man line. The first entry point for a southward position is at 116,500, as mentioned in yesterday's article. I suggest placing the stop-loss at 117,300. If it breaks, find a position to exit. The price is once again at a high level, and there will not be any sharp rises or falls in the short term, just a small range of fluctuations. The support from the Fibonacci retracement level below is 113,000; if it does not break, you can take profits and then go north.

Before the publication, the highest point on the daily K-line was 116,800, and the lowest was 114,200. The K-line broke the high point of the trend indicator and encountered significant resistance. The MACD has been continuously decreasing in volume, with the DIF and DEA contracting above the zero line. The Bollinger Bands are currently facing resistance at the middle track pressure level of 116,700, and there has been no effective breakthrough. Therefore, a southward move is valid in the short term. If the main force effectively breaks the middle track, the short positions need to stop-loss and exit, following the trend northward. The target reference for the upper track pressure level is 120,750, and for the lower track, it is 112,600.

The key resistance level on the four-hour K-line is currently at the Fibonacci retracement level of 0.236 at 117,350. It has already retraced and stood on the trend support at 115,600, pulling back to above 116,000. The MACD has been continuously increasing in volume, with both the DIF and DEA lines breaking the zero line and entering the upward zone. The K-line has returned to the Bollinger Bands channel, with the upper track forming a pressure level at 116,600, and the middle track support to watch is at 114,700. In the short term, crypto friends looking to go south should pay attention to the middle track; if it encounters resistance, consider taking profits and then going north.

Short-term trading strategy reference: The market is never 100% certain, so always set stop-losses; safety first. The goal is to minimize losses and maximize profits, especially when breaking key resistance and support levels; stop-losses should still be executed without holding onto losing positions.

For a northward trial position, the entry point is between 114,500 and 114,000, with a stop-loss at 113,500, risking 500 points. The target is between 115,000 and 115,500, and if it breaks, look for 116,000 to 116,500.

For a southward trial position, the entry point is between 116,500 and 117,000, with a stop-loss at 117,300, risking 500 points. The target is between 116,000 and 115,500, and if it breaks, look for 115,000 to 114,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond to it and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

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