Bitcoin Poised for a Big MoveBitcoin/TetherOKX:BTCUSDTtrade-wings 🧭 Bitcoin Poised for a Big Move 📅 Date:** 2025/07/19 ⏰ Timeframe:** 1H 🛠 Tools Used:** Dow Theory · Support & Resistance · Volume · RSI 📈 Market Overview 🏦 Macro & Global Markets * 🇺🇸 **US CPI** (Inflation) released today: • Headline: **2.7%** • Core CPI: **2.9%** ✅ In line with forecasts → bond yields down → risk assets (incl. crypto) slightly supported * 🏦 Strong Q2 earnings from **Citi** and **JPMorgan** helped reduce broader market fears 📉 Crypto Market & ETFs * 🔻 BTC dropped \~**3%** today to the **117,000–118,000 USDT** range * 📉 Trading volume declined across top 95 of 100 cryptos * ✅ **Positive ETF inflows continue** • Both BTC and ETH Spot ETFs still attracting capital • Notably: **ETH ETF > BTC ETF in net inflows today** 🧠 **Institutional money is still entering, even during intraday corrections** ⚙️ Technical Analysis 🔹 Current Price: **118,047 USDT** * 🟨 Market is **range-bound** between **117,000 – 118,700** * 🕯️ Low volatility and tight candles → **indecision zone** 🔧 Chart Tools: 1️⃣ Moving Averages (SMA) * Short-term SMA is **flattening** → signals weak bullish momentum * Price is hugging the SMA → **compression likely → breakout setup** 2️⃣ Support & Resistance Levels: | Level | Type | Notes | | ----------------- | ---------------- | --------------------------------- | | 121,000 | Major Resistance | Previous top, strong supply zone | | 118,710 | Local Resistance | Multiple failed attempts to break | | 118,062 | Minor Resistance | Psychological + reaction zone | | 117,000 | Key Support | Range bottom | | 116,765 | Weak Support | Possible liquidity grab area | | 115,595 – 113,261 | Deep Supports | Watch if 117K breaks | 3️⃣ RSI * 📉 **RSI = \~53.5** → Neutral * No divergence * Slight upward slope = weak bullish bias 4️⃣ Volume * Volume is declining * No explosive bars = **no confirmed breakout yet** 🧠 Market Psychology * BTC rallied up to **121K**, now consolidating * 📍 Buyers are waiting for **breakout confirmation above 118.7K** * 📍 Sellers are defending that level * Overall → **Market is in wait mode**, likely anticipating the next catalyst 🧭 Possible Scenarios 📗 **Bullish Scenario:** * Already long? → Hold above **117K**, SL just below * Looking to enter? → Wait for **clean breakout above 118.7K with strong volume** 📕 **Bearish Scenario:** * Already short? → Watch for breakdown **below 117K with confirmation** * Not in short? → Avoid premature entries — market still indecisive 💡 Conclusion & Warnings ✅ **Summary:** * BTC is consolidating between **117K and 118.7K** * Momentum and volume are muted * Market is coiled — prepping for a **major move (Breakout or Breakdown)** ⚠️ **Warnings:** 1. 🔻 Break below **117K** → potential drop to **116,765** or even **115,595** 2. ⚠️ **Fake breakout above 118.7K** (low volume/weak RSI) = bull trap risk 3. 📉 **Volume divergence** shows indecision 4. 🗓️ End-of-month data + macro news = potential for sudden volatility 🔔 **Stay alert. Confirm with volume. Protect your capital.** 💬 Share your thoughts below or drop your chart! https://t.me/trade_wings_power