🟡 BTCUSD Daily Market Analysis—July 21, 2025
- Neom
- Jul 21
- 3 min read
Market Analysis Overview
As of today, the live price of Bitcoin (BTC) against the US Dollar (USD) is $119,021. In this comprehensive market analysis, we will delve into the daily and 4-hour time frames, utilizing various technical indicators such as Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and the MACD.
Current Market Conditions
Swing High: $123,236
Swing Low: $115,729
This analysis aims to provide traders and investors with a clear understanding of the current market dynamics and potential trading opportunities.
Technical Analysis
Support & Resistance Levels
Daily Time Frame:
Support Levels:
S1: $116,500
S2: $115,000
S3: $113,500
Resistance Levels:
R1: $120,500
R2: $122,000
R3: $125,000
4-Hour Time Frame:
Support Levels:
S1: $118,000
S2: $117,000
S3: $116,000
Resistance Levels:
R1: $119,500
R2: $120,000
R3: $121,000
Fibonacci Retracement Levels
Using the recent swing high and swing low, we can derive the Fibonacci Retracement Levels:
23.6% Level: $119,500
38.2% Level: $118,000
61.8% Level: $116,500
These levels indicate potential reversal zones and are crucial for identifying entry and exit points.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: $118,200
EMA 100: $117,500
EMA 200: $115,800
EMA 400: $113,000
4-Hour Time Frame:
EMA 50: $119,000
EMA 100: $118,500
EMA 200: $117,200
EMA 400: $115,600
The EMAs serve as dynamic support and resistance levels, helping traders identify the prevailing trend.
RSI Divergence
The Relative Strength Index (RSI) is currently showing a divergence signal. While the price has been making higher highs, the RSI has not confirmed these highs, indicating potential weakness in the bullish momentum. This divergence may suggest a possible reversal or correction in the near term.
Order Blocks
Order blocks are significant areas where large institutional orders are placed. In the current market context, notable order blocks can be identified around the following levels:
Buy Order Block: $116,500
Sell Order Block: $120,500
These levels can act as key decision points for price action.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator is currently showing a bullish crossover, suggesting that upward momentum may continue in the short term. However, traders should be cautious and monitor for any signs of reversal as the price approaches key resistance levels.
Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: $116,500, $115,000, $113,500
Daily Resistance Levels: $120,500, $122,000, $125,000
4-Hour Support Levels: $118,000, $117,000, $116,000
4-Hour Resistance Levels: $119,500, $120,000, $121,000
Exponential Moving Averages (EMA) Levels
Daily EMA Levels:
EMA 50: $118,200
EMA 100: $117,500
EMA 200: $115,800
EMA 400: $113,000
4-Hour EMA Levels:
EMA 50: $119,000
EMA 100: $118,500
EMA 200: $117,200
EMA 400: $115,600
Weekly and Daily Pivots
Weekly Pivots:
Pivot Point: $118,500
Resistance 1: $120,000
Support 1: $117,000
Daily Pivots:
Pivot Point: $119,000
Resistance 1: $120,500
Support 1: $118,500
Fibonacci Retracement Levels
23.6% Level: $119,500
38.2% Level: $118,000
61.8% Level: $116,500
Fundamental Analysis and USD News
As we look ahead, several key economic indicators and news events related to the USD could impact the BTCUSD market:
Federal Reserve Meetings: Upcoming decisions on interest rates could significantly influence market sentiment and the value of the USD.
Inflation Reports: Scheduled releases of inflation data will be critical in determining future monetary policy, which may also affect Bitcoin's price.
Employment Data: Job reports and unemployment rates will provide insights into the economic health of the U.S., potentially impacting the USD and BTC markets.
Traders should stay informed about these events, as they can lead to increased volatility in the cryptocurrency markets.
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