📉 BTC/USDT Technical Analysis (July 16, 2025)
Price Action & Key Levels
Current Price: ~$117,190, down ~2.18% today after hitting highs near $120,300 and lows around $115,930.
Primary Support: $115,400 – closely followed by $112,400—crucial zones for potential rebound.
Resistance Zones: $119,000 (near-term), $122,000 (strong overhead supply).
Indicators
RSI (4H): ≈48 – slightly bearish but nearing neutral.
MACD (4H): Bearish crossover underway — bearish momentum present.
Bollinger Bands (4H): Mean at $117,300; price near lower bound—could indicate a rebound soon.
Volume: Elevated during sell-offs, subdued on attempted rebounds—buyers barely present.
Chart Patterns
Breakdown from an advanced decline after failing above $122K — now testing minor support near mid-bands.
Coincident bearish triggers: 4H Supertrend flipped to bearish at ~$121,563.
📈 Short-term Forecast & Signal (Next 4–8 Hours)
🟢 Bullish Rebound (Preferred)
Entry: $116,000–$117,000 if bounce confirmed (e.g., bullish candlestick, volume uptick)
Targets: $119,000 → $120,300
Stop-loss: Below $115,400
🔻 Bearish Continuation
On break below $115,400 with momentum → downside targets $112,400–$112,000
⚖️ Bias: Neutral-to-bearish short-term — momentum has shifted bearish, but support could hold.
✅ Trade Summary
Waiting on a confirmed bounce at current support before entering long.
Breaking below $115,400 = signal to exit or short.
Alternatively, patience until $119K reclaim confirms bullish reversal.
🛑 Disclaimer: This post is for educational purposes only and does not constitute financial advice. Manage risk responsibly and verify your own entry/exit levels.
💬 Your thoughts? Are you buying the dip near $116K, or waiting for confirmation above $119K first? Share your strategy below 👇
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