Chart the Market (18/07/2025)

BTC, H4: 

Bitcoin (BTC) extended its bullish trajectory after breaking above an ascending triangle pattern near the key $110,000 psychological level, rallying over 10% to post a fresh all-time high. However, the surge prompted profit-taking, triggering a technical pullback of nearly 6% from its recent peak.

Despite the retracement, BTC found solid support above the 50% Fibonacci level near $116,000, with prices rebounding from that zone—suggesting the broader uptrend remains intact. The Relative Strength Index (RSI) continues to hold above the midline, signaling ongoing bullish momentum.

However, momentum may be softening. The MACD has formed a lower high and is approaching the zero line. A failure to hold above this threshold could hint at a deeper corrective move, posing a near-term risk to the rally’s durability.

Resistance Levels: 121,550.00, 125,700.00

Support Levels: 116,300.00, 111,700.00

XAUUSD,  H4

The gold market remains locked in a technical stalemate, caught between competing forces that have compressed price action into a narrowing asymmetric triangle pattern. The precious metal continues to print lower highs while finding consistent support above a critical ascending trendline established during its earlier rally—a structure that typically precedes significant directional moves upon resolution.

Technical indicators point to a neutral stance: the Relative Strength Index (RSI) hovers near the midline, while the MACD continues to fluctuate around the zero level. This suggests neither bullish nor bearish forces are currently dominant, leaving gold in consolidation mode ahead of a potential breakout trigger.

Resistance Levels: 3353.60, 3410.00

Support Levels: 3303.60, 3256.80