$BNB ### Bitcoin Market Briefing (July 20, 2025)

**Current Price**: Bitcoin is at **$118,000**, with a slight increase of 0.28% in the last 24 hours, but down about 4% from the historical high of $123,000 on July 14.

**Regulatory Dynamics**: Trump signed the "Genius Act" establishing a regulatory framework for stablecoins, requiring a 1:1 dollar reserve and banning central bank digital currencies. The market experienced a short-term sell-off due to "profit-taking," leading to nearly 140,000 liquidations totaling over $400 million.

**Technical Trends**: If it holds above the 20-day moving average ($113,500), it may target $135,000; however, if it falls below the support at $117,500, it could trigger large-scale long liquidations.

**Market Sentiment**: Fear and Greed Index at 37 (Fear Zone), institutions are optimistic about futures premiums, but JPMorgan warns that the good news is already priced in, and caution is needed regarding stock market correlation risks.

> 💎 **Key Tips**: Short-term volatility is dominated by policy implementation and technical battles; it is recommended to pay attention to recovery opportunities for competitive coins like ETH and signals from the Federal Reserve.