As of July 31, 2025, Bitcoin is trading around $115,957 USD, showing a 2% drop over the past 24 hours after hitting an intraday high of $118,891 and a low of $114,791 .
Following the recent FOMC meeting, the Fed held rates at 4.25%–4.50%, with dissent from two governors favoring rate cuts. This has sparked uncertainty about policy direction, causing market hesitation .
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🧠 Why This Monthly Close Matters
Today marks the end of July, and Bitcoin faces critical support around $116K–$117K.
If Bitcoin closes above $118K – $120K, technical analysts expect a breakout toward $125K–$140K .
Close below $116K, and we could revisit support zones near $114K — market stability is fragile .
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🔔 Additional Market Signals
Institutional activity is increasing: MicroStrategy reported a $14B gain, holding over 597,000 BTC, while whale accumulation rose ~1% of total supply .
Ethereum (ETH) is outperforming, benefiting from ETF inflows—trading near $3,770 with XRP and SOL showing modest strength .
👊 What Should Traders Do?
1. Track the monthly candlestick close — key time frame could set the next leg.
2. Avoid over-leveraging, especially if price dips into $114K–$116K support.
3. Set price alerts for BTC, ETH, and high-volume altcoins.
4. Expect continuation or reversal post-close — plan trades accordingly.
📣 Your Take?
Will Bitcoin close strong above $117K–$118K and spark a rally?
👇 Drop your view below and discuss —
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