🔍 Market Update — July 19, 2025
Current Price: ~$117,919 — ranging between $117,008–$118,498 intraday .
BTC is trading within a tight range, awaiting catalysts for a decisive move.
📐 Key Technical Levels
Support Zones:
Primary: $117,000–$117,200 (today’s low and short-term demand)
Secondary: $115,400–$114,000 (deeper retracement zone)
Resistance Zones:
Immediate: $118,500–$118,500 (today’s high)
Extended: $120,700–$122,500 (recent breakout region)
⚙️ Indicator Insights
RSI (4H): ~55 — bullish bias, but not overbought
MACD (4H): Recent bullish crossover — upward momentum confirmed
Volume: Elevated during attempts above $118K; thinning around current levels — sell-side patience evident
On‑chain Analyst Notes: CryptoQuant’s Short‑Term Holder MVRV suggests room for ~20–25% upside before profit-taking intensifies
📈 4‑Hour Forecast & Signal
🟢 Bullish Setup
Entry: Break & hold above $118,500 with strong volume
Targets:
1. $120,700
2. $122,500
Stop‑Loss: Below $117,000
🔻 Bearish Setup
Trigger: Break below $117,000 with momentum
Targets: $115,400 → $114,000
Bias: Mildly bullish — MACD and RSI support continuation above $118K. Watch for breakout volume.
✅ Trade Strategy
Breakout traders: Aim for entry on clear break above $118.5K
Dip buyers: Consider buying near $117K with tight protective stops
Long-term holders: This range supports strategic accumulation ahead of macro-driven move
🛑 Disclaimer: This content is for educational purposes only and is not financial advice. Always do your own research and apply risk management.
💬 What’s your move? Are you leaning into the breakout or waiting for a bounce to confirm? Drop your trade plan below 👇
❤️ Like | 🔁 Repost | 🔔 Follow for live BTC strategies