As of July 17, 2025, BTC/USD (Bitcoin/US Dollar) on the 1-hour chart continues to test the recent support level around $118,000. The pair showed bullish momentum earlier this week but lost steam near highs as buyers failed to sustain upward pressure. We’re now in a short-term correction. In this analysis, we use technical analysis, examining moving averages, MACD, ADX, volume, and other indicators to explore current trends and potential strategies.
The chart shows the short-term (50MA, blue) and long-term (200MA, red) moving averages converging. This suggests a weakening of short-term bullish momentum and could lead to a “death cross.” A crossover of these moving averages is widely viewed as a potential trend reversal signal. Whether a crossover occurs in the next 1–2 hours may determine the next market direction.
With price hovering around $118,000, a breakdown could push the next support to the ~$115,000 area. Conversely, a rebound would shift focus to whether price can break above the short-term resistance at $119,500.
The MACD shows the MACD line (yellow) crossing above the signal line (red), but the gap is narrowing and the histogram is losing strength. This signals diminishing buying momentum and a risk of a short-term pullback.
MACD visually represents both the trend’s "direction" and "strength." Convergence/divergence—even within a range—can hint at potential reversals. Refer to the MACD page for more details.
With the ADX (Average Directional Index) around the 40 level, there is some indication of trend presence (as ADX > 25), but the DI+ and DI– lines haven’t clearly separated, making it unreliable to confirm which side—buyers or sellers—is dominant.
Therefore, ADX alone only confirms trend strength; directionality requires comparison of DI+ (bullish pressure) vs. DI– (bearish pressure). This chart currently leans slightly bearish, but lacks a definitive signal.
Noticeable was a sudden volume spike below $117,800—likely triggered by selling attempts. However, the absence of a strong rebound afterward highlights weak overall buying interest.
For trend followers, volume plays a crucial role in validating breakouts. It’s important to continue monitoring volume trends closely.
| Level | Price | Significance |
|---|---|---|
| Short-term Resistance | $119,500 | Multiple upper wicks, short-term profit-taking zone |
| Next Target | $121,000 | Psychological level and previous swing high; breakout could signal new trend |
| Short-term Support | $117,800 | Rebound zone with several lower wicks |
| Mid-term Support | $115,000 | Near 200SMA, high-volume area |
BTC/USD is currently in a phase of uncertainty. Key indicators—moving average convergence, MACD weakening, and mid-range ADX—suggest the market is searching for a new direction. If momentum returns with higher volume, a fresh trend could emerge.
Short-term traders should monitor for a rebound around $117,800 and observe volume during a breakout. On a mid-term horizon, watch the $115,000 support level—its breach or defense will likely define the next move.
Strategically, it’s advised to wait for signs of momentum recovery (MACD rising again and increasing volume) before entering. Without a clear rebound signal, maintaining a cautious stance is prudent.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All investment decisions are your responsibility.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
Comment (0)