19 August 2025,06:12
Chart The Market
19 August 2025, 06:12
BTC, H4:
Bitcoin (BTC) is attempting to stabilize after a steep selloff, with the price currently trading near $115,975 following a brief rebound from the $114,817 support zone. Despite the recovery, the broader trend remains under pressure as BTC struggles to reclaim the 23.6% Fibonacci retracement level at $117,672. A sustained break above this threshold is needed to ease bearish momentum and pave the way toward the next resistance levels at $121,045 (38.2% retracement) and $123,770 (50% retracement).
Momentum indicators highlight the cautious tone. The Relative Strength Index (RSI) sits at 39, edging out of oversold territory but still reflecting weak buying conviction. Meanwhile, the MACD remains in negative territory, with both the signal and MACD lines deep below the zero axis, underscoring persistent downside momentum.
Overall, while Bitcoin is holding above near-term support, technical conditions continue to favor sellers unless key resistance levels are reclaimed. The market remains vulnerable to further downside unless bulls can establish a higher base above $117,672.
Resistance Levels:117,672.00, 121,045.00
Support Levels: 114,817.00, 112,220.00
USDJPY, H4
USD/JPY is attempting to build momentum after finding support near the 147.30 region, with the pair now trading around 147.82. The recovery comes after a period of consolidation, but upside progress remains capped by the key resistance zone at 148.20–148.90. A sustained break above this range would signal renewed bullish momentum, opening the door toward 149.80 and potentially the 151.15 highs.
Momentum indicators suggest improving sentiment. The Relative Strength Index (RSI) has climbed to 57, holding comfortably above the neutral 50 mark and pointing higher, reflecting growing buying pressure. The MACD has recently completed a bullish crossover above the zero line, with the histogram turning positive, signaling a shift in momentum in favor of the bulls.
On the downside, immediate support is located at 147.30, followed by 146.90 and the stronger base around 145.30. A decisive drop below these levels would undermine the bullish setup and expose the lower boundary of the broader uptrend near 144.20. Conversely, reclaiming 148.90 with conviction could pave the way for continuation higher, reinforcing the long-term bullish trend structure.
Overall, USD/JPY is showing signs of stabilization with technical indicators leaning constructive, but bulls still need to clear overhead resistance to confirm control and extend the uptrend.
Resistance Levels: 148.20, 148.90
Support Levels: 147.70, 146.90
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