BTC Trade Alert today
BTCUSDT – 1-Day Technical Analysis (as of 17 July 2025, 1:13 PM)
Current Price: $118,090.7
24h High / Low: $120,100.0 / $117,663.6
Trend: Bearish
🔍 Indicators Overview:
1. Moving Averages (MA):
MA(7): 118,319 – Price is below, indicating short-term weakness.
MA(25): 118,767 – Also above price, confirming mid-term bearishness.
MA(99): 118,758 – Price is below, showing long-term bearish pressure.
2. RSI (Relative Strength Index):
Value: 35.5
RSI is near oversold zone (<30), suggesting selling pressure is high but a reversal could be near.
3. MACD:
MACD Line (DIF): -35.6
Signal Line (DEA): 74.2
MACD Histogram: -109.8
Strong bearish divergence, no bullish crossover yet. Selling momentum continues.
📉 Price Action:
Price is forming lower highs and lower lows, a classic bearish pattern.
Resistance: $118,575 – Price has failed to close above it.
Support: $117,714 (immediate) and $116,853 (next key level).
✅ Trade Plan:
Direction Entry S L Take Profit short 118,200 118,800 117,000 – 116,800 Long 117,000 (only if strong bounce & RSI < 30)$116,500$118,300 – $118,500★★☆☆☆
📌 Conclusion:
Market is currently bearish on the daily timeframe. Most indicators (MA, MACD, RSI) suggest further downside unless a strong reversal candle forms with high volume.
Suggested Action:
🔴 Short near $118,200 with tight risk control.
🟢 Long only if a confirmed bounce from $117,000 or RSI drops below 30.
