#USCryptoWeek

### Current Price:

- Bitcoin is currently trading around **117,840 - 117,952 USD**.

### Expected Trading Range Today:

- **Main Resistance**: at **118,000 - 118,240 USD**, with difficulty breaking this level without strong buying momentum.

- **Immediate Support**: at **116,500 - 117,000 USD**, which is a level that has seen previous bounces.

- Expectation: Fluctuation between **116,500 and 118,000 USD** with a weak sideways trend.

### Influencing Factors:

- **US Regulations**: Discussion in Congress (July 14) on three regulatory laws for cryptocurrencies, boosting investor confidence.

- **Technical Sentiment**: "Strong Buy" indicators on the medium term, but short-term overbought conditions may cause slight selling pressure.

- **Institutional Demand**: Continued support from major companies (like "Strategy") for Bitcoin as an investment asset.

### Closing Expectations:

- **Neutral Scenario**: Closing near **117,500 - 118,000 USD**, with relative stability ahead of legislative events.

- **Positive Scenario**: If 118,240 USD is broken, it may rise to **118,800 USD** (near the historical peak).

### Summary:

The price faces strong resistance at 118,000 USD, but positive regulatory factors prevent a sharp collapse. The most likely expectation is trading in a narrow range with the potential to test resistance later. It is advisable to monitor news regarding US regulations and market awakenings$ETH