Bitcoin just posted its highest monthly close ever, but instead of surging, the price is pulling back to a key support level. In this video, Aaron from The Better Traders analyzes current Bitcoin price action using technical analysis and Fibonacci extensions to evaluate whether this is just a healthy pullback or the start of something more serious. With critical support zones, the recent CME gap fill at $115k, and TBO Cloud analysis in play, this update offers real-time crypto trading insights for navigating August’s volatility.
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Aaron also breaks down high-probability scenarios using resistance rays, support fans, and liquidation data to help crypto traders anticipate short squeezes and potential bullish breakouts. By combining candlestick patterns with BTC dominance trends, this episode goes deep into charting strategies and risk management. Whether you’re day trading, swing trading, or using DCA bots on platforms like Altrady, 3Commas, Phemex, Toobit, or CoinCatch, understanding these setups is key for capitalizing on the next leg of this bull market.
To help you stay ahead of the curve, Aaron shares exclusive performance data from his “CHMP” Sheet, comparing historical monthly returns with volatility metrics to forecast potential price targets for Bitcoin. This type of crypto technical analysis is perfect for traders looking to learn crypto trading strategies, automate entries, and optimize risk using tools like the 15 Minutes to Financial Freedom course or resources inside the Coin Bureau Club. Don’t miss this chance to prepare for what could be a breakout August in crypto.
📖 Chapters 📖
00: 00 July has highest Bitcoin Monthly close ever- and now this?!
02: 23 Using horizontal rays to identify resistance levels for Bitcoin
03: 52 Bitcoin could be forming a “hammer,” a bullish reversal signal
05: 15 Once BTC starts taking out resistance levels, Aaron thinks $139k is next
07: 17 Comparing Bitcoin Monthly Returns on Coinglass VS Aaron’s CHMP Sheet
11: 12 Average performance for August is red- but not in Top years
15: 11 Looking at Monthly Volatility for BTC
17: 25 What if Bitcoin loses support and falls further?
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🔔 Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.