Phemex Analysis #97: What's Next for Bitcoin, After $123k?!Bitcoin ( PHEMEX:BTCUSDT.P ) recently made history by hitting an all-time high of $123,251 on July 14, 2025. However, enthusiasm was quickly tempered as BTC retraced by approximately 6%, dropping sharply to around $115,696 on July 15. Currently, the price has partially recovered and is trading at about $118,200.
With the market sentiment at a pivotal juncture following this volatile movement, traders and investors are carefully considering their next steps. Let's dive into several possible scenarios that might unfold in the coming days.
Possible Scenarios
1. Bullish Continuation (Breakout Above $123k)
If Bitcoin quickly regains bullish momentum, it may retest and surpass its recent high at $123,251. Breaking decisively above this resistance could trigger another strong rally, driven by renewed market optimism and potential institutional inflows.
Pro Tips:
Entry Strategy: Look to open or add to existing positions upon confirmation of a clear breakout above $123,251, especially if accompanied by high trading volume.
Profit Targets: Key resistance zones for profit-taking after a breakout include psychological levels at $128,000, and the significant milestone at $130,000.
Risk Management: Use protective stop-loss orders placed below the recent low around $115,000 to manage downside risks effectively.
2. Extended Consolidation (Range-Bound Scenario)
Bitcoin could enter a period of price consolidation, fluctuating between support at approximately $115,000 and resistance near $123,000. This scenario often occurs when the market awaits clearer directional cues.
Pro Tips:
Range Trading: Employ a grid-trading strategy, placing buy orders near support ($115,000–$116,000) and sell orders around resistance ($122,000–$123,000) to maximize profits from short-term volatility.
Monitoring Indicators: Keep an eye on declining trading volume, which often signals the potential for an upcoming breakout or breakdown.
3. Bearish Pullback (Correction Scenario)
Given the rapid recent surge to all-time highs, a deeper market correction remains possible. If BTC decisively breaks below support at $115,000 with strong selling pressure, further declines towards $107,218 or even $98,132 could ensue, especially if accompanied by negative broader market sentiment.
Pro Tips:
Short Opportunities: Experienced traders might explore short positions if BTC convincingly breaks below the $115,000 support level.
Accumulation Strategy: Long-term investors can strategically accumulate positions around significant lower support levels such as $107,218 and $98,132, provided price stabilization signals are evident.
Conclusion
Bitcoin is currently at a crucial technical and psychological level after hitting its latest all-time high. Traders should closely monitor the outlined scenarios—particularly watching key resistance at $123,251 and essential support at $115,000. By utilizing disciplined risk management, proactive profit-taking strategies, and careful market analysis, investors can effectively navigate BTC’s ongoing volatility and strategically position themselves for the next significant move.
🔥 Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Cryptomarket
Volume Spread Analysis (VSA) reflects increasing selling!🚨 Bitcoin Market Update 🚨
Bitcoin recently hit an All-Time High (ATH) but is now experiencing a downward correction. Multiple technical indicators suggest continued bearish momentum:
📉 Volume Spread Analysis (VSA) reflects increasing selling pressure.
📊 A bearish engulfing pattern confirms the market is trending lower.
📕 The synthetic order book reveals a heavy concentration of sell orders.
📈 The 50 & 100 SMA are acting as strong resistance levels, keeping price action suppressed below them.
🔍 Key Watch Level: If BTC breaks above the 50 SMA, we could see a potential pump. However, as of now, all confirmations point toward a bearish continuation.
💡 DYOR – Do Your Own Research
🛑 Not Financial Advice
Bullish Outlook for Ethereum (ETH/USD)The chart shows a **bullish outlook for Ethereum (ETH/USD)** on the 1-hour timeframe, suggesting a potential continuation of the uptrend after a recent breakout.
Chart Breakdown:
* **Current Price:** \~\$3,038
* **Key Levels:**
* **S1 (Support 1):** Around \$2,996 — a key breakout and retest level.
* **S2 (Support 2):** Around \$2,945 — secondary support and accumulation zone.
* **EMAs:**
* EMA 7: \$3,023
* EMA 21: \$2,996
* EMA 50: \$2,970
The price is currently above all three EMAs, signaling **short-term bullish momentum**.
Bullish Scenario:
* The price recently **broke out above a strong resistance zone (\~\$2,996)**.
* If ETH successfully **retests and holds S1 as support**, we could see a continuation move toward:
* **\$3,080 → \$3,120 → \$3,160** as short-term targets.
* The green path suggests a **healthy pullback and continuation pattern**, which aligns with bullish market structure.
Invalidation/Bearish Scenario:
* A **break below S1 (\$2,996)** may shift bias toward S2 (\~\$2,945).
* Loss of S2 support could open the door for deeper correction..”
Chiliz Hitz Bottom · Opportunity Buy Zone (PP: 3,535%)Chiliz is trading at a true bottom right now after producing the lowest price in more than three years. The lowest since February 2021. No need to worry though, an early recovery is already happening and we are sure the bottom is in.
The past three weeks have been green while CHZUSDT managed to close above EMA8. This means that the trend is changing or is about to change and we know it will change because we are right in front of the 2025 altcoins bull market. Chiliz will not stay behind, it will also grow. We don't know how strong but there is plenty of room for rising prices. You will be surprised by what the market does.
What the market does is to condition you in some way. First, you become conditioned to seeing higher prices, unlimited potential and that's the start of the bear market, long-term a downturn. But this isn't the end.
When you are conditioned to seeing the market go down, more down; down, down, down, forever more, then it changes suddenly, as if by surprise and prices start to grow. The growth feels strange because it is something not seen in a while and we wonder, will it last? I don't know.
That's the first answer if you don't have access to years of data and this amazing chart.
Seeing the chart long-term coupled with marketwide action and what Bitcoin does, yes, the market growth will last a long time because an uptrend means higher highs and higher lows.
Right now we are looking at the best possible entry prices, an opportunity buy-zone. Buying now can result in incredible gains in the coming months.
Thanks a lot for your continued support.
Namaste.
Gaussian suggesting the last leg to the upside!As we approach close to the ~1000 days of bull market conditions above the green GC. Volatility to the upside should be coming before peaking at some point probably in October. Make sure to sell some coins before we get back to the core of the Gaussian. We could be seeing the price tank from 40k-50k later next year. Cheers!
DOGS BUY !!!Hello friends🙌
📉Regarding the price drop, you can see that the price has been suffering for a while and even the resistance has broken, which is not a valid failure (80% of failures are fake in the range)
📈Now, with the successful failure we had and the moneyback that the price has made, we can expect the price to move to the specified targets. Note that for trading, be sure to observe capital management.
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BITCOIN UPDATEHello friends🙌
📈Given the upward trend we had, you can see that the price is in an upward channel and has also formed a bullish pattern, which, given the strength behind the trend, seems to have higher targets.
🔊Be careful, the basic principle of trading is capital management, so be sure to follow capital management.
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Is Pepe growing? Read the caption, it's important.Hello friends🙌
✔Some factors caused the price to fall, but in a support area that we have drawn for you with several Fibonacci waves, you can see that a classic double bottom pattern has been formed and buyers have entered.
🔊Now there is no more news of a fall and buyers have raised the price to the point where it has created a higher ceiling and floor, and this is very important and signals a change in trend.
📈Now that the price has broken the specified resistance line and is well supported by the specified support line, we can expect the price to move to the specified areas, but do not forget that the most important thing to observe in trading is capital management⚠
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NEON : How long does the decline last?Hello friends
If you are a holder of this currency or have bought it, you should know that the token release is coming and this will cause the price to drop, so be careful.
We have identified good buying ranges for you, where you can buy in case of a drop, with risk and capital management.
*Trade safely with us*
AGI : The fall is comingHello friends
As the price has reached a strong resistance area, you can see that the price has been corrected and lower lows have been made. Now, given the token release that this currency has, there is a possibility of further decline, so we can buy at lower points with capital and risk management and move with it to the specified targets.
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LITCOIN : So what is an ETF ?Hello friends
Be careful with the recent fluctuations of this coin because the movements of this coin have become unpredictable and we suggest that if you want to buy, buy in the specified support areas and in steps, of course with capital and risk management...
We have also specified targets for you.
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NOTCOIN AGAIN ...Hello friends
Due to the change in the bearish structure and the weakness of the sellers, you can see that the buyers entered and were able to create new ceilings.
Now, according to the trend, we can buy in steps at the specified support points and move with it to the specified targets.
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Solana:Daily free signalhello friends👋
As you can see, after the drop that we had, insider buyers showed and were able to support the price well.
But it was not enough, and as you can see, a noisy pattern has formed, which can indicate a further decrease in the price.
Now we can take advantage of this opportunity and make step-by-step purchases with risk and capital management in the support areas that we have obtained for you and move to the specified goals.
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Ethereum:Daily signalhello guys👋
According to the drop we had, you can see that buyers came in and the price had a good growth, and after that a trading range was made in which the price got stuck.
Now, considering that the price is in the trading range and it seems that the buyers have shown their support, it is possible to step into the specified support areas with risk and capital management and move up to the set goals.
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Xrp:The fate of Ripple in the long termhello friends👋
After a good price growth that we had, you can see that the buyers gradually exited and a triangle pattern was formed.
Now, according to the specified support, it should be seen whether buyers support Ripple or not...
You have to wait and nothing can be said until the failure of the pattern, but we suggest that you buy step by step with capital and risk management in the identified areas that are very good supports and move to the set goals.
And in the end, we must say that don't forget that we are in a strong upward trend, that the probability of the continuation of the Bister trend is the possibility of a fall...
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Dogs:Where is the time and point of purchase?hello friends👋
We come to another analysis, this time a popular coin meme that you requested a lot🔥
Well, let me start with the pattern that we specified for you, which is a sign of a price drop, and you can see this happening...
Now, in the important support areas that we have specified for you, you can buy step by step, of course, with risk and capital management.💰
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When does Bolran start?Read carefullyhello friends👋
💰Many of you are asking when Bolran will start or if it will start at all, we decided to explain it to you in a full post.
Well, you can see the Ethereum chart moving in a channel, and with a drop, it created a big fear that a fall is coming, and meanwhile, the buyers returned the price to above 2000 dollars with a strong and unexpected return.
✅️Now the price is stuck in the specified box between 2200 and 2500, and if this range is maintained, the price will easily move up to the range of 3200 in the first wave, and if it fails to maintain this range, the price will fall below 1500 dollars.
🧐Now, in our opinion, due to the rapid return of the price from the channel, this failure is a fake channel and the range will be maintained, and we are likely to see Ethereum rise in the coming weeks.
🤔You know that Ethereum is the leader of altcoins, and if it grows, important altcoins will grow, which is the beginning of Bolran, and there are important altcoins that can be used for good profit.
🌟You can join us if you like.🌟
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Price explosion is coming?Read carefullyhello friends👋
We have come to analyze a popular Kuwaiti meme that you have asked to analyze a lot.
🌟Well, according to the drop we had, it can be seen that the buyers came in and formed a good upward wave, and after that, Femt entered a channel, which can be said to be a flag pattern...🧐
Now, according to the formed channel, we can enter into a purchase transaction with capital and risk management in case of a valid failure of the channel.
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