BTC/USDT Daily Chart
📅 Date: July 15, 2025
🕒 Time Frame: 1D (Daily)
🔍 Technical Overview:
Current Price: $117,971.36
24h Change: -2.66%
24h High / Low: $122,120.00 / $116,250.00
Recent Swing High: $123,218.00
Recent Swing Low: $98,200.00
🧮 Moving Averages (MA) Analysis:
MA Type Value
MA(5) $117,916.53
MA(7) $117,012.98
MA(25) $109,776.59
MA(99) $101,917.98
Price is holding slightly above the 7-day MA, which indicates bullish momentum.
All moving averages are trending upward, confirming the ongoing uptrend.
📈 Volume & Candlestick Analysis:
Recent bullish candles show strong buying interest, but the latest daily candle shows a rejection from the $123K level, suggesting short-term resistance.
Volume is slightly decreasing, which could indicate temporary exhaustion after a strong rally.
📉 Key Support & Resistance Levels:
Type Level
Immediate Resistance $120,500
Major Resistance $123,200
Immediate Support $117,000
Strong Support $112,000
✅ Trade Signal – Swing Setup
🔹 Signal Type: Short-Term Swing Trade
🔹 Position: Long (Buy)
Entry Zone $116,000 – $117,200
Target 1 $120,500
Target 2 $122,800
Stop Loss $114,800
Risk/Reward Ratio: ~1:2.5
Confidence Level: Medium to High
⚠️ Risk Note:
Rejection from $123K suggests possible short-term consolidation.
If price breaks below $116K, further downside towards $112K is possible.
Always manage risk with a proper stop-loss strategy.
📌 Summary:
BTC is in an overall bullish trend with short-term correction signs. A bounce from the $117K zone may lead to another upward leg, provided it holds above key support. Entry around current levels looks favorable with tight stop and defined targets