📊 Bitcoin (BTC) Daily Market Analysis – July 29, 2025

BTC is currently trading around $118,894, showing slight intraday consolidation with a daily range between $117,493 and $119,080.

🔹 Technical Outlook:

Key resistance sits near $120,000 – price failed to break it recently and pulled back.

Immediate support is seen at $117,400.

BTC exchange reserves have dropped to their lowest level in history (around 2.3M BTC), suggesting long-term holders are accumulating.

🔹 Fundamental Factors:

Whale inflows to Binance have increased, which may put short-term pressure on price.

Decreased sell-side liquidity on exchanges supports a potential supply shock and upside momentum.

🔮 Scenarios to Watch:

Bullish: Break above $120,000 could trigger a move toward $123,000–$125,000.

Bearish: Drop below $117,400 might send BTC toward $115,000.

🧠 Strategy Tip: Watch for confirmed breakout or breakdown before entering trades. Use tight stop-losses near key levels.