Chart the Market (07/07/2025)

BTC, H4: 

Bitcoin continues to display an uptrend pattern after rebounding and reclaiming ground above the critical $108,000.00 mark, signaling a bullish bias for the largest cryptocurrency. The price action has been buoyed by sustained buying interest, keeping BTC comfortably above its former downtrend channel.

However, technical signals are sending mixed messages. A bearish divergence has emerged on the MACD, with the indicator forming a lower high even as Bitcoin’s price prints a higher high—suggesting that upward momentum may be losing steam. In contrast, the RSI remains firmly above the midpoint, indicating that bullish momentum is still in play for now.

Traders will be closely watching whether BTC can maintain support above $108,000, which could pave the way for further gains, or if the divergence signals an impending pullback.

Resistance Levels: 111,745.00, 117,200.00

Support Levels: 104,800.00, 97,600.00

NZDUSD,  H4

The New Zealand dollar weakened further against the U.S. dollar, with NZD/USD sliding below the critical liquidity zone and breaching the previous low at the 0.6041 level—signaling a clear bearish bias for the pair. The formation of a lower-high and lower-low price pattern reinforces the downside outlook, as selling pressure intensifies.

Technical indicators also point to growing bearish momentum. The Relative Strength Index (RSI) is edging closer to the oversold territory, while the MACD has decisively crossed below the zero line, underscoring the emergence of fresh downside momentum.

A sustained move below 0.6041 may pave the way for further declines, with traders eyeing additional support levels in the sessions ahead.

Resistance Levels: 0.6080, 0.6160

Support Levels: 0.5970, 0.5925