【Market Outlook on July 22, 2025 $BTC $ETH 】
Powell's speech later will likely follow the pattern of being hawkish first and dovish later, which has always been his approach. Bitcoin has been in a high-level range for the 12th day, and this bottoming can be considered very strong. The inflow into ETFs remains astonishing, and recently many people have swapped Ethereum for Bitcoin, which I believe has left some feeling disappointed. The recent popular rallies are mainly in mainstream and large-cap assets. Take SOL for example; we've had so many waves that we can't keep track anymore, and its market cap has once again surpassed BNB. As long as you can hold on, there will definitely be returns. Ethereum has repeatedly broken through resistance in the past few days; although there has been a slight pullback, it won't significantly affect market sentiment. The future of Ethereum is still worth looking forward to. Besides patiently waiting for the altcoins we hold to rise, we should also explore new opportunities to enjoy the good mood brought by this bull market and not be eliminated by the market.
From a technical perspective: Bitcoin's daily chart shows the previous candle closing with an upper shadow cross back below the 7-day moving average. The opening today saw a slight rebound, returning again below the 7-day average. The Bollinger Bands are running upwards, continuing to show signs of contraction, with the short-term moving averages trending upwards. The MACD fast and slow lines are crossing downwards, with the volume bars turning green, and the KDJ extending downwards, paying attention to the support near the 0 level. The VR indicator is consolidating around the 190 level. Looking at the 4-hour chart, after a false break and test of the lower band in the morning, the price rebounded to the middle band and moving averages. The Bollinger Bands continue to remain narrow and flat, with the short-term moving averages running around the middle band. Overall, the market has not yet broken the range, but the feedback from the 4-hour Bollinger Bands and moving averages indicates that a turning point is approaching, so we should expect a shift in the short term.
Bitcoin 4h Support: 118278 Resistance: 120244
Ethereum 4h Support: 3605 Resistance: 3763
Today's Fear Index: 71 (Greed) 4-hour Long/Short Ratio: 51.9% / 48.1%
Today's Hot News:
🪅 Solana's market cap surpasses BNB again after five months, rising to the fifth position in the global cryptocurrency market cap
🪅 FTX seeks to delay response to creditor objections; $470 million overseas claims may be frozen
🪅 The probability of the Federal Reserve maintaining interest rates in July is 97.4%
🪅 Bloomberg analysts: BlackRock's Ethereum ETH staking approval deadline should be next April, but it may be approved as early as Q4 this year
