Chart the Market (04/07/2025)
EN

Download App

  • Market Insights   >   Chart The Market

7 July 2025,06:15

Chart The Market

Chart the Market (07/07/2025)

Tags:

7 July 2025, 06:15

Share on:
FacebookLinkedInTwitterShare

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

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

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!