$BTC Bitcoin (BTC) Market Update – 31 July 2025

According to Binance Market Data,

📊 Bitcoin (BTC) has crossed 118,000 USDT, currently trading at 118,041.06 $USDT , showing a slight 0.21% increase in the last 24 hours.

Market sentiment seems slightly bullish; however, my technical analysis on the weekly timeframe indicates a potential short-term drop before a strong upward move:

🔹 Trendline Analysis: BTCUSD $BTC

is likely to touch the weekly trendline support.

🔹 Order Block & FVG Confirmation: Strong zones are forming below the current price.

🔹 Signal: I expect BTC to dip towards the trendline first, and then bounce upwards 🚀.

💡 Trading Idea:

Watch for a retracement to the trendline zone before taking a long position.

Short-term traders can look for a small drop before the next bullish move.

⚠️ This is my personal analysis, not financial advice. Trade at your own risk.