Bitcoin’s Post-August 7 Outlook: Strategic Zones & Market Psychology

Bitcoin’s Post-August 7 Tactical Review

Let’s cut through the noise. August 7 marked a pivotal moment in BTC’s recent cycle—a controlled test of support that revealed more about market psychology than price action alone.

At around 8 PM UTC, Bitcoin dipped to ~$104,800 on light volume, triggered by minor bearish sentiment. But here’s where it gets interesting: the drop was not aggressive. No sustained breakdown. Just a pinbar test—exactly what we’d expect from a healthy correction before continuation.

We flagged \(113,500 as an entry zone; it held as resistance during recovery. Then came the retest: down to \)112,500—the precise level we identified as a tactical buy point.

This wasn’t panic selling. It was order flow calibration.

Why This Matters Beyond Price Tags

The real signal? Liquidity dried up after the drop. Volume contracted sharply below $112k—meaning no new bears were stepping in. That tells us something critical: market depth is intact.

Meanwhile, Ethereum diverged—downward pressure built from speculative fear around Bealad’s ETF exposure and retail narratives like “if ETH breaks 3600, it’s over.” Classic behavioral finance in motion.

But BTC? It stayed steady—not because it’s stronger inherently—but because institutions are actively defending structure.

Strategy: Discipline Over Desire

Let me be blunt: you’re not missing anything by not buying at \(98k or selling at \)125k.

You’re just falling into one of the most predictable traps in crypto trading—the eternal wait for perfection.

We’ve seen this dance before:

• Wait for bottom? You miss accumulation.
• Wait for top? You get left behind on momentum.
• Wait for confirmation? You’re always late.

So here’s my framework:

• BTC: Watch hourly candles near \(10350–\)10420 (August 5 & 7 highs). A close above signals renewed upside bias toward \(11480–\)11650.
• ETH: Hold tight between \(3575–\)3600; treat any break below as opportunity to accumulate near \(3550–\)3675 range with strict risk controls.
• Execution: Use dual-sided bands—buy low on dips within zones; sell high on rallies—but always leave room for one additional fill if momentum accelerates (a nod to volatility).

e.g., If BTC drops to \(11280 again after failing to reclaim above \)114k? That’s not failure—it’s fuel for future rally.