📊 BTC/USDT Market Update — July 15, 2025
Bitcoin is trading at $116,990, after a strong rejection from the $122,800 zone — today’s intraday high. The market has entered a short-term correction phase, with support now being tested.
🧠 Technical Breakdown
📉 Price Structure:
Rejection: $122,800 — strong supply zone
Support Zone: $116,500–$117,000 — price currently consolidating here
Pattern: Forming a descending channel on the 1H chart
📊 Indicators:
RSI (4H): ~44 — showing bearish momentum gaining
MACD (4H): Bearish crossover confirmed
Volume: Decreasing on bounce — weak buyer conviction
📈 Signal for July 15 (Next 4–8 Hours)
Scenario 1: Rebound
📍 Entry: $117,000–$117,300 (support zone with bounce confirmation)
🎯 Targets:
• Target 1: $119,000
• Target 2: $120,800
🛑 Stop-loss: Below $116,200
Scenario 2: Breakdown
🔻 If BTC breaks below $116,000 with volume ➤ Next target: $114,000–$112,800
🎯 Bias: Neutral-bearish short term. Bulls must defend $116K or risk a steeper pullback.
📘 Pro Tip: Watch for RSI divergence or bullish engulfing candle near $116K — those are typical signs of reversal zones in spot trading.
🛑 Disclaimer:
This is not financial advice. Educational content only. Always manage your own risk and confirm signals independently.
💬 What's your move — long from $117K or short to $114K?
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