BTC/USD Market Outlook – July 20.
📍 Current Price: $118,803
Market remains bullish, but structure is showing serious signs of
exhaustion ⚠️
🕓 H4 Technical Breakdown
• Still trading above key breakout level ($117,800)
• Higher lows intact, but buyers failing to push past $120K again
• Multiple failed breakouts → distribution likely
• RSI cooling + Volume declining = weak momentum
🔍 Key Zone:
$118,800–$119,200 = strong resistance.
Every candle rejection here adds confluence to a potential reversal.
⏱ Lower Timeframe Insights (M15–M30)
• Liquidity is building between $117,500–$119,000
• Price keeps faking both directions → classic trap setup
• Breakout traders are getting squeezed = patience is key 🧠
🔻 Sell Setup (Aggressive/High Risk)
• Wait for bearish rejection candle at $118,800–$119,200
🎯 Targets: $117,800 → $116,600
🛡 SL: Above $119,500
🟢 Buy Setup (Safer/Confirmed)
• Clean breakout + retest above $119,300 with bullish close
🎯 Targets: $120,800 → $122,400
🛡 SL: Below $118,500.
