18 August 2025,05:20
Daily Market Analysis
18 August 2025, 05:20
BTC, H4:
BTC/USD has broken below the 23.6% Fibonacci retracement level at $117,672, extending its downside momentum after failing to sustain above the $119,000 zone. The pair is now testing the $115,600 support region, with the next major downside target at $114,817. A decisive break lower could expose the $112,220 swing low, while the broader structure shows a shift in sentiment toward bearish pressure after repeated rejections from the $121,045 resistance area.
Momentum indicators are aligned with the bearish bias. The Relative Strength Index (RSI) has dropped to 32, approaching oversold conditions and signaling strong selling momentum. Meanwhile, the MACD has deepened into negative territory, with widening bearish momentum on the histogram, reinforcing the likelihood of further downside pressure in the near term.
If BTC/USD stabilizes above $115,600 and reclaims the $117,672 Fibonacci level, it could open the door for a relief rebound toward $119,000 and $121,000. However, sustained weakness below $115,600 risks triggering a deeper correction, with $112,220 and $109,830 as the next critical support levels.
Overall, Bitcoin’s short-term technical outlook is tilted bearish, with momentum indicators confirming downside risks. Bulls will need to defend the $115,600–$114,800 region to avoid a steeper selloff, while a recovery back above $119,023 would be required to shift momentum back in their favor.
Resistance Levels:117,672.00, 121,045.00
Support Levels: 114,817.00, 112,220.00
HK50, H4
HK50 is consolidating just above the 25,162 support level after retreating from the recent high near 25,747. The index is currently trading around 25,297, with price action hovering between the 50- and 200-period moving averages. The 200-SMA near 25,103 remains an important dynamic support, while the 25,747 resistance stands as the key barrier that bulls must clear to re-establish upside momentum.
Momentum signals show a neutral-to-cautious outlook. The Relative Strength Index (RSI) is at 53, recovering from its recent decline but still lacking strong bullish momentum. Meanwhile, the MACD has slipped into negative territory, with the histogram printing red bars, indicating fading buying pressure and the risk of further consolidation before a clearer directional move develops.
If HK50 breaks and holds above 25,409, the index could retest 25,747, with a decisive close above this level opening the path toward 26,000 psychological resistance. On the downside, a failure to sustain above 25,162 could invite renewed selling pressure, exposing the 24,287 support and, if broken, a deeper pullback toward 23,785.
Resistance Levels: 25,409.00, 25,747.50
Support Levels: 25,162.40, 24,727.40
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
