Recent tracking data from KAKOPX Exchange shows that after briefly surging to $123,153 on July 14, Bitcoin has since maintained a general downward trajectory. Currently, BTC is experiencing resistance and volatility around the $118,800 level, with both daily and hourly charts signaling a weakening of short-term upward momentum. Similarly, Ethereum is exhibiting a capped upward structure during this phase.
KAKOPX notes that, although the market has not shown a clear trend reversal, bullish momentum is fading—particularly as attempts to break through key technical levels have failed. Investors are advised to be mindful of the risk of further corrections if the consolidation range breaks down.
Bullish Slowdown and Technical Resistance: Volatility Likely to Persist
In the short term, the Bitcoin rebound has reached the middle Bollinger Band, but has failed to break out upwards, leading to a price pullback. KAKOPX further analyzes that the market is now at a turning point within a "fast rise, slow fall" structure. If the $117,000 short-term support does not hold, there could be a further retracement towards the $116,500 area.
Both the MACD and Stochastic indicators are signaling weakened upward momentum, while the moving average system is flattening out, reflecting growing caution among short-term traders. KAKOPX Exchange reminds investors that in a high-volatility environment, a “sell high, buy low” strategy is more suitable, and that chasing rallies blindly may lead to emotional losses.
This round of high-level Bitcoin volatility is influenced not only by technical factors but also by macro policy signals. On July 17, the U.S. House of Representatives passed procedural votes on several crypto-related bills (GENIUS, CLARITY, Anti-CBDC), paving the way for these bills to advance to debate and final voting. KAKOPX believes that, while this is not immediate legislation, the market has already priced in the event, resulting in a short-term “buy the rumor, sell the fact” sentiment.
KAKOPX points out that such structural adjustments are common in financial assets, especially after rapid prior gains, as markets tend to realize profits ahead of policy outcomes and enter new observation periods.
Given the current market structure, KAKOPX emphasizes that a period of consolidation does not equate to a trend reversal. On the contrary, such volatility provides a window for medium-term investors to rebuild positions.
The platform technical team notes that, based on capital flows, there has been no significant increase in large on-chain BTC transfers, and exchange inflows remain within normal ranges. Meanwhile, the supply of stablecoins such as USDT and USDC is relatively stable, indicating that the market has not entered a phase of large-scale liquidation.
From a risk management perspective, KAKOPX will continue to strengthen its AI-driven risk identification system, dynamically monitoring behavioral patterns and capital structures behind price movements. Combined with robust cybersecurity mechanisms, the platform aims to provide users with a secure and stable trading environment.
KAKOPX Exchange forecasts that, as Bitcoin repeatedly tests technical resistance levels, the market will gradually seek clearer directional signals. During this window of intertwined macro policy and technical indicators, rational judgment and disciplined execution will be key to navigating the volatility cycle.
KAKOPX remains committed to leveraging its integrated expertise in crypto assets, AI systems, and cybersecurity to support the medium- and long-term strategy choices of global investors. Prices may fluctuate, but the trend always belongs to those who understand the logic behind it.