The key support and resistance levels ahead for BTC/USD are as follows:
Third key resistance level of BTC/USD: 122700
Second key resistance level of BTC/USD: 120900
First key resistance level of BTC/USD: 120000
First key support level of BTC/USD: 117500
Second key support level of BTC/USD: 116000
Third key support level of BTC/USD: 114600
Bitcoin Technical Analysis: July 29, 2025
Over the past two weeks, Bitcoin has entered a consolidation phase, characterised by ranging and indecisive price action. This market sentiment is visualised on the weekly timeframe by the formation of two consecutive Spinning Top candlestick patterns, which typically indicate market uncertainty and suggest the potential formation of a price ceiling.
Despite this consolidation, the long-term bullish trend remains intact on higher timeframes, namely the monthly and weekly charts. A sustained consolidation of the price above the key level of $120,000 could trigger another wave of significant buying pressure, with the primary target for bulls being the $122,700 resistance level. However, over the last fortnight, the price has tested this pivotal $120,000 level on three separate occasions but has thus far been unable to breach it. Currently, traders are exercising increased caution, mainly in anticipation of the key policy decision from the Federal Reserve this Wednesday.
Conversely, the probability of a correction is strengthening, a hypothesis supported by a bearish divergence observed between the price and the Relative Strength Index (RSI) on both the daily and weekly timeframes. If the price fails to surpass the $120,000 mark decisively, the $116,000 support level becomes the first primary target for bears. Furthermore, a definitive break of the $116,000 support, followed by price stabilization below it, would create an unfavorable outlook for the bullish trend. Such a development would indicate a higher propensity for a more significant correction in the leading cryptocurrency, a potential for which is already evident on the long-term charts.
Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.
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Over Time
1-Year Change -37.77%
5-Year Change -97.21%
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Hey everyone
Thought I would share a quick intro for anyone new to forex I remember when I first started it was all confusing so here is the basics broken down
What is Forex
Forex means Foreign Exchange its the global market where currencies are traded Its huge with over 7 trillion dollars traded every day and it runs 24 hours a day 5 days a week
Basically you trade one currency against another If you think one currency will get stronger you buy it against the other
Example if you think the Euro will go up against the US Dollar you buy the EURUSD pair
Currency Pairs Major Minor Exotic
Forex trades currency pairs Every trade means buying one currency and selling another
There are three main types
Major pairs always include the US Dollar and are the most traded pairs like EURUSD GBPUSD and USDJPY
Minor pairs dont include the USD but have other majors like EURGBP AUDJPY and GBPCHF
Exotic pairs are made of one major currency and one from an emerging market like USDTRY or EURZAR
Base vs Quote Currency
Each pair has two parts
The base currency is the first one This is the currency you buy or sell
The quote currency is the second one It shows the price of the base currency
Example EURUSD 11000 means 1 Euro equals 1.1 US Dollar
Tip if you buy EURUSD you think Euro will rise if you sell EURUSD you think Euro will fall
Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.
GBP/USD Intraday: The bias remains bullish. Pivot: 1.3455 Our preference: Long positions above 1.3455 with targets at 1.3510 & 1.3530 in extension. Alternative scenario: Below 1.3455, look for further downside with 1.3430 & 1.3400 as targets. Comment: Intraday technical indicators are mixed, calling for caution.
EUR/USD Intraday: supported by a rising trend line.
Pivot:
1.1660
Our preference:
Long positions above 1.1660 with targets at 1.1715 & 1.1740 in extension.
Alternative scenario:
Below 1.1660 look for further downside with 1.1635 & 1.1615 as targets.
Comment:
The next resistances are at 1.1715 and then at 1.1740.
USD/CHF Intraday: under pressure.
Pivot:
0.8000
Our preference:
Short positions below 0.8000 with targets at 0.7960 & 0.7945 in extension.
Alternative scenario:
Above 0.8000 look for further upside with 0.8020 & 0.8035 as targets.
Comment:
A break below 0.7960 would trigger a drop towards 0.7945.
Euro Stoxx 50 (Eurex) (U5) Intraday: the downside prevails.
Pivot:
5358.00
Our preference:
Short positions below 5358.00 with targets at 5314.00 & 5301.00 in extension.
Alternative scenario:
Above 5358.00 look for further upside with 5375.00 & 5390.00 as targets.
Comment:
The RSI lacks momentum.
Gold Intraday: the upside prevails.
Pivot:
3380.00
Our preference:
Long positions above 3380.00 with targets at 3402.00 & 3415.00 in extension.
Alternative scenario:
Below 3380.00 look for further downside with 3370.00 & 3360.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Dax (Eurex) (U5) Intraday: the downside prevails.
Pivot:
24360.00
Our preference:
Short positions below 24360.00 with targets at 24190.00 & 24109.00 in extension.
Alternative scenario:
Above 24360.00 look for further upside with 24423.00 & 24517.00 as targets.
Comment:
The immediate trend remains down, but the momentum is weak.
CAC 40 (Euronext) (Q5) Intraday: under pressure.
Pivot:
7810.00
Our preference:
Short positions below 7810.00 with targets at 7762.00 & 7740.00 in extension.
Alternative scenario:
Above 7810.00 look for further upside with 7835.00 & 7851.00 as targets.
Comment:
The immediate trend remains down, but the momentum is weak.
Brent (ICE) (U5) Intraday: under pressure.
Pivot:
69.25
Our preference:
Short positions below 69.25 with targets at 68.30 & 67.70 in extension.
Alternative scenario:
Above 69.25 look for further upside with 69.85 & 70.30 as targets.
Over the past five months, the USD/CHF currency pair has experienced a strong and decisive downward trend, reaching a historic low of 0.78722. Currently, the chart is near its all-time low recorded prices and is in an oversold condition.
In longer timeframes, such as the weekly chart, there are faint signs of a trend reversal emerging. However, due to the prevailing downtrend, a breach of the 0.78722 price floor could lead to further price declines, potentially delaying the start of an uptrend.
In shorter timeframes, such as the daily chart, the dominant trend remains bearish, which warrants increased caution when considering bullish trades. Recent modest gains have placed the price within an ascending channel. Over the past few hours, the lower boundary of this channel has so far prevented further price depreciation.
Should this support line hold, high-risk buyers may enter the market, targeting resistance levels at 0.80000 and, in a stronger bullish scenario, up to 0.80500. A significant indicator for a potential uptrend would be the price moving above the key level of 0.80420, which would attract more buyers.
Conversely, in a bearish scenario, a decisive break below the significant support level of 0.78722 would strengthen the potential of the downtrend, with the price potentially reaching support levels of 0.78500 and, in a more pronounced downturn, as low as 0.76800.