Bitcoin ($BTC ) – Quick Market Snapshot

Current price: $116,488

24-h change: –$3,452 (-0.03 %)

Intraday range: $120,309 ⇣ $115,930

BTC/USDT – 1-Hour Technical View (16 Jul 2025)

The hourly structure remains tilted to the downside after Monday night’s fade from the $123 218 high. Price continues to trade beneath the short-, medium- and trend-defining moving averages:

EMALevelProfileBias7-hour116 728↓near-term selling pressure25-hour117 605↓bearish control zone99-hour117 653↓trend ceiling

Momentum: The MACD histogram has just nudged above zero, signalling that sellers are losing punch—but not yet surrendering trend control.

Key ZonePrice (≈)Why it mattersResistance117 000 – 117 700Confluence of EMA-25/99 & prior pivotResistance118 650Top of Tuesday’s value areaSupport115 73624-h low & first liquidity pocketSupport115 360Grid-line shelf on chartSupport114 000Psychological round number

Next Targets

Bearish continuation – Failure to reclaim $117 700 keeps the path open toward $115 360, with $114 000 as an extension.

Relief bounce – An hourly close above the 25-EMA would expose $118 600; only sustained trade above the 99-EMA flips the bias to neutral.