BTC Breaks Support – What's Next for Bitcoin?Bitcoin/USDOKX:BTCUSDAffilionETH🧠 Bitcoin Technical Analysis – August 1st, 2025 📉 BTC/USD is under pressure, currently trading near $114,200, after dropping from the recent range highs. The chart shows a clear breakdown from a key consolidation zone between $114,000–\$115,500, marked as a crucial support zone. 🔍 Key Observations: Major resistance remains at $123,000, where BTC topped mid-July. A bullish trendline from early July has been broken — confirming momentum shift. Local support sits at $111,800, a potential next landing zone if this breakdown continues. The RSI (14) is now in oversold territory, below 30, signaling potential bounce or short-term relief — however, no bullish divergence is visible yet --- 🔎 Volume Spike & Momentum: A noticeable volume spike has appeared alongside the breakdown, confirming strong selling pressure. Short-term moving averages (e.g., 10 EMA) are now above price, adding to the bearish short-term bias. 🧭 Conclusion: This region is critical for bulls — if BTC can reclaim the purple support box, it could invalidate the breakdown and trap aggressive shorts. Otherwise, \$111,800 is the next area to watch for a reaction. Let me know your thoughts below — Will this support hold or is \$110k next?