📉 BTC/USDT Analysis (1H Timeframe) - July 29, 2025

Current Price: 117,166 USDT

Daily Decrease: -0.65%

🔎 Technical Analysis:

BTC briefly touched resistance at 123,218 but failed to hold and fell back down.

Currently, the price is near strong support at 116,950. If this support breaks, the next potential drop is to 114,000 or even 108,800.

MA(5) is starting to cross below MA(10) → short-term bearish signal.

Trading volume is also weakening, indicating that buying interest is starting to decline.

📊 90-Day Volume is still positive (+24.64%), meaning that in the medium term the trend is still healthy, but caution is needed in the short term.

📌 Conclusion: BTC is in a correction phase. If it cannot hold above 116,950, then the potential for further decline is open. However, if it can rebound and break 119,200, then the chance of rising to 123K is still open.

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