Weekly Trading Analysis: A Detailed Breakdown of Market MomentumBTC 21st – 28th July 2025
Bitcoin price action this past week has been marked by a battle for control between bulls and bears, with technical levels continuing to play a pivotal role. Volatility was notable midweek, followed by a weekend consolidation that may be setting the stage for a potential breakout. Here's a complete breakdown of the weekly structure from both hourly and daily perspectives.
Hourly Analysis
BTC started the week in relatively neutral territory before plunging sharply on Wednesday and Thursday, forming a temporary bottom just above the $113,000 zone. This selloff occurred with heightened volume, indicating a possible liquidation event or aggressive profit-taking.
What followed was a classic V-shaped recovery, with price bouncing sharply and regaining both the 50 EMA and 200 EMA on the 1-hour timeframe by early Friday. This recovery signaled strength, pushing BTC back above $118,000.
Over the weekend, price began to consolidate between $118,400 and $119,300, with low volume and narrow candles indicating market indecision. However, BTC continues to hold above both EMAs, suggesting underlying bullish pressure remains — but a breakout confirmation is still required.
Daily Analysis
From a daily chart perspective, BTC remains in a clear uptrend. After the explosive move earlier in July, price has been consolidating in a tight range between $117,000 and $121,000.
This consolidation appears constructive, with higher lows forming and volume tapering — often a signal of accumulation. BTC continues to hold well above the 50 EMA, which has been trending upward and now sits comfortably below the current price.
A key level to watch is the resistance at $122,000. A daily candle close above this level with volume could initiate the next leg higher. Conversely, a break below the recent higher low at $117,000 could open the door for a deeper retracement.
Summary
This week showed signs of both strength and hesitation. The recovery from the midweek dip reaffirms bullish structure on higher timeframes, but the market has yet to break convincingly out of its current consolidation zone.
Key areas to monitor:
Support: $117,000 (daily higher low), $115,000 (200 EMA on 1H)
Resistance: $121,000 short-term, $122,000 major breakout zone
Bulls remain in control for now, but patience is required until a clear move is established. With macro volatility easing and BTC printing strong technical levels, the next move may be imminent.
