$BTC $ETH $XRP Based on multi-timeframe technical analysis of Bitcoin (BTC) using the latest market data, all observed charts (24-hour, 4-hour, 1-hour, and 15-minute) indicate a prevailing bearish momentum. Key trends and levels are summarized below:
### ⏰ **Multi-Timeframe Technical Overview**
| **Timeframe** | **Price Action** | **Key Levels** | **Indicators & Sentiment** |
|---------------|----------------------------------|---------------------------------------------|--------------------------------------------|
| **24-hour** | - Trading below critical MA20 support - Failed break above $115,000 resistance | Support: **$112,000** Resistance: **$115,756** | RSI: **Neutral (42)** MACD: **Bearish crossover** Volume: Declining recovery rallies |
| **4-hour** | - Lower highs since July 14 ATH ($123,236) - Rejection at $119,284 (Jul 18) | Support: **$114,118** Resistance: **$117,831** | Volume: **Higher on downsides** Sentiment: **60% bearish** (derivatives data) |
| **1-hour** | - Consolidating in $114,118–$115,756 range - Weak bounces below VWAP | Critical Breakdown: **$114,118** | RSI: **Oversold signals ignored** Order Book: **Large sell walls at $115,000** |
| **15-minute** | - Bearish opening gaps - Lower highs near $97,962 | Immediate Resistance: **$97,499** Support: **$96,056** | Bollinger Bands: **Price near lower band** SAR: **Dots above price** |
### ⚠️ **Critical Bearish Catalysts**
1. **Institutional Pressure**: Semler Scientific holds 5,021 BTC ($586M) with $110M unrealized gains—potential profit-taking risk .
2. **ETF Flows**: U.S. Bitcoin ETFs show mixed premiums (e.g., GBTC at -1.11%), indicating weak institutional demand .
3. **On-Chain Weakness**: Daily transactions fell 15.5% YoY to 443,301, signaling reduced network activity .
4. **Market Structure**: Price below 20-day MA risks drop to **$100,000** if $112,000 support fails . .
