Coming? (July 26, 2025)
Bitcoin is currently trading around $117,500, and the market is showing signs of possible breakout or breakdown soon. Here's a quick technical overview:
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🔍 Key Levels to Watch:
Resistance: $118,300
If BTC breaks and closes above this level on the 1H or 4H chart, it could target $119,200 – $120,000 next.
Support: $116,800
If BTC falls below this support zone with volume, we could see a dip toward $115,500 – $114,600.
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📊 Technical Signals:
✅ Bullish If:
BTC closes above $118,300 with strong volume
RSI stays in the mid-zone (not overbought)
Breakout candles on higher timeframes (1H, 4H)
❌ Bearish If:
BTC closes below $116,800
Weak momentum and lower highs on chart
RSI starts turning down from overbought zone
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🧠 Trading Setup (Short-Term Idea):
Buy Above: $118,300
🎯 Targets: $119,200 → $120,000
📍 SL: $117,800
Sell Below: $116,800
🎯 Targets: $115,500 → $114,600
📍 SL: $117,300
