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Cryptocurrency Academy: Latest Bitcoin (BTC) market analysis on July 23, 2025.
Current price of Bitcoin is 119150. It is now 1:30 AM Beijing time. The big coin has come back to around 120000. Friends in the northbound at 116000 should get off the bus or get off the bus because the market has given another chance to go south. The bullish power is clearly weakened. At this time, if the rapid gain exceeds 2000 points, it can be taken. Still, the same saying, keep looking for opportunities to go south. In the short term, everyone can come in and out quickly to prevent the risk of retracement. The large-scale trend has not broken down, so the best way is to wait for a pullback support below 117000 to trial position northbound, which will greatly increase the accuracy.
Before publishing, the daily K-line highest is 119600, lowest is 115850. The EMA trend indicator continues to stretch upward. EMA15 trend fast line has reached 116300, EMA30 has broken the 786 division line. MACD volume decreases and the K-line diverges upward. The top divergence trend is obvious, and the DIF and DEA have formed a death cross. The upper pressure of the Bollinger Bands has shifted down, and the mid-track support at 115000 is effective. In terms of thinking, if the mid-track does not break, it can go north. The upper area around 120000 is a chance to trial position southbound.
The four-hour K-line has a doji star and a top divergence, along with the previous bullish engulfing pattern, indicating that the bullish trend still exists. However, the bullish momentum is slowing down. EMA15 and 30 overlap at 118000. MACD volume increases, and the K-line moves down. After the K-line touches the upper Bollinger Band, it is pushed down, indicating that the pressure at 119500 is effective. Focus on the short-term support at the mid-track 118000 and the lower track support at 116000. The current thinking is to mainly go south and temporarily not consider going north. We will talk again after the bottoming ends.
Short-term thinking reference: The market is never 100% certain, so you must set stop losses. Safety first, small losses and big gains is the goal. Especially when breaking key pressure and support, you must stop loss, do not hold positions.
Trial position northbound at 116500 to 116000, defend at 115500, stop loss 500 points, target look at 117500 to 118000, if broken look at 118500 to 120000.
Trial position southbound at 119000 to 119500, defend at 120000, stop loss 500 points, target look at 118000 to 117500, if broken look at 117000 to 116500.
Market starts, profits double! Follow Cheng Ge to go with the trend, and wealth will come naturally.
Keep an eye on: SPK, C.
