Deep technical analysis and 4‑hour forecast for BTC/USDT as of July 18, 2025:
🔍 Technical Snapshot
Current Price: ~$120,129, with intraday highs at $120,691 and lows near $117,715 (today’s dip)
Chart Pattern: Extended rally continues above the recent breakout; short-term range between $120K–$120.7K
📐 Key Levels
Level Type Price Zones
Support $118,000 (today’s peak bounce) → $117,700 → $115,000
Resistance $120,700 (today’s high) → $122,500 → $123,200
⚙️ Indicator Summary
RSI (4H): ~58 — bullish but not overbought yet
MACD (4H): Bullish signal continuing after recent crossover
Volume: Elevated during today's breakout above $120K — strong momentum
Chart Pattern: Cup‑and‑handle formation pointed by analysts — signals upside toward ~$134.5K
📈 4‑Hour Forecast
🟢 Bullish Case:
Hold above $120K → next targets $122,500 → $123,200
Strong breakout above $123.2K could signal rally toward $130K+
🔻 Bearish Risk:
Failure to hold $118K–$117.7K leads to retest of $115K support
⚖️ Bias: Leaning bullish — momentum, structure, and indicators support further upside.
✅ Trade Plan
Long Entries: Buy dips near $120K–$118K with tight stop-loss below $117.7K
Breakout Play: Enter on a decisive move above $123.2K with volume
Short-term Traders: Manage risk; a stop below $118K shields against pullbacks
🛑 Disclaimer: This is educational content only — not financial advice. Always DYOR and manage your risk.
💬 Your take? Are you scaling into the bullish cup‑and‑handle setup or waiting for the $123K breakout? Comment below 👇
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