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![RANDYBANKSSD Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::467669350.png) RANDY_BANKS_B [@RANDYBANKSSD](/creator/twitter/RANDYBANKSSD) on x 4871 followers
Created: 2025-07-19 14:43:24 UTC

Market Update -

Yesterday we looked at the rising channel on the 4hr Bitcoin chart, and that we should be aware of a breakdown. The lower trendline has now been broken, but BTC held above $117k. Trading back below the $118.8k (Weekly Open) level,  I am watching for a potential bearish retest of the lower trendline around $119.6k - $120k. I am still not ruling out a more aggressive correction, which could be healthy for the market, and will look to place a limit order for this soon. 

Yesterday I also said to keep an eye on the $XXXXX retest for LINK on the daily chart- this has provided a good reaction so far.

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![](https://pbs.twimg.com/media/GwOlsAgW4AAOjIj.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946581645013787024/c:line.svg)

**Related Topics**
[$120k](/topic/$120k)
[$1196k](/topic/$1196k)
[bearish](/topic/bearish)
[$1188k](/topic/$1188k)
[$117k](/topic/$117k)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)

[Post Link](https://x.com/RANDYBANKSSD/status/1946581645013787024)