🔍 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.

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