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🔶 Bitcoin (BTC): ~117,950 USD (19/07/2025)
Reduced after reaching the 120,714 USD mark during the day.
The trend is still rising, but the market is entering a slight correction zone.
🔷 Main reason:
The US Congress passed laws supporting crypto (GENIUS Act, Clarity Act).
Large amounts of money are flowing in from ETF funds and financial institutions.
Over 74 million USD in short orders were liquidated, contributing to the price increase.
📊 Market sentiment:
Still optimistic, but showing signs of short-term "overbought".
Should observe the support level of $117K and the resistance level of $121K.
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✅ In summary:
The market is still maintaining strong growth momentum, but after a strong bounce near $120K, Bitcoin is temporarily "pulling back" to gain momentum. If it stays above $117K, BTC may head towards 130K in the near future.
#ETH Breaks $3600# #Gate Derivatives Volume Hits New High# #CPI Data Incoming#