The crypto market prepares for an attack

#BTCUSD

Key zone: 115,500 - 119,500

Buy: 120,000 (on strong positive fundamentals); target 123,000-125,500; StopLoss 118,500

Sell: 115,000 (on a strong breakdown of 116,000 level); target 111,500; StopLoss 116,500

“Crypto Week” ended with a major event: the U.S. Congress passed the long-awaited GENIUS Act, which for the first time creates clear legal frameworks for the cryptocurrency sector. In addition to the GENIUS Act, the House of Representatives passed two other key bills. The CLARITY Act defines oversight by the SEC and CFTC, while the Anti-CBDC Surveillance State Act is seen as a key step toward federal crypto regulation.

The leading cryptocurrency remains in a consolidation phase, while others are completing technical corrections amid this environment. Growth is being constrained by reports of large players closing deals, while retail investors remain cautious ahead of the White House's upcoming crypto policy report.

Crypto advisor Bo Hines announced on X (formerly Twitter, NYSE:TWTR) that the report will be released on July 30. We expect updates on crypto regulation progress, a breakdown of seized crypto held by the U.S. government, and how those assets will be managed.

Analysts have also linked Bitcoin’s weakness to the breach of the key psychological level of $118,000, which triggered automated selling. This intensified the downward pressure already developing due to profit-taking and general market caution.

The crypto market remains sensitive to the White House’s trade rhetoric. Public statements and Trump’s activity on social media may quickly shift investor sentiment. The current correction looks natural and could serve as a reset phase before the next bullish wave.

The trend still favors the bulls: a realistic target for BTC lies around $130,000, and then $150,000. However, the coming days may be volatile, especially if ETH fails to recover and support the broader market.

Reminder: August is traditionally a weak period for Bitcoin (–8.3%). If the cycle repeats historical patterns, aggressive upside may not resume until the fall.

So we act wisely and avoid unnecessary risks.

Profits to y’all!