📢 Market Analysis – July 23, 2025
🚨 Bitcoin is holding steady around $118K after a healthy correction from its recent highs. Technical indicators show a narrowing range, which could signal an upcoming breakout. Key support lies near $116K and resistance at $120K–$123K.
🟣 Ethereum (ETH) is consolidating around $3,670 after facing resistance near $3,750. Institutional demand is rising, with treasury adoption from companies like BitMine. A push toward $4K could be the next big move.
📊 Altcoins are gaining momentum: With Bitcoin dominance dropping, tokens like Solana, Cardano, and Dogecoin are attracting increased attention. Doge, in particular, is showing a bullish double-bottom pattern, hinting at a potential move toward $0.42.
🪙 Macro sentiment remains positive, thanks to increasing ETF inflows and the recent GENIUS Act in the U.S., which gives regulatory clarity for stablecoins — boosting investor confidence.
🔍 Today’s Watchlist:
BTC: Breakout expected soon
ETH: Target $4,000
DOGE: Bullish structure in play
SOL/ADA: Good setups for mid-term scalping
Stay smart, manage risk, and keep an eye on volume 📈
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