✨️💥 BTC IS FOLLOWING THE CHANNEL — $62K IS THE NEXT TEST
#BTCUSDT continues to respect the descending channel, with each rebound capped by the upper trendline. Price is now moving toward $62,000–$62,300 support; holding this zone could trigger another recovery toward $63,600–$63,800, while a confirmed break below would expose the lower channel boundary.
🌍 BTC Market Pulse
▪️ U.S. spot Bitcoin ETFs recorded $265.4M in net outflows on July 31, reversing the previous day’s $233.1M inflow and showing that institutional demand remains unstable.
▪️ Michael Saylor hinted that Strategy may resume Bitcoin purchases after a five-week pause; the company currently holds 843,775 BTC.
▪️ A Coldcard wallet vulnerability linked to nearly $89M in losses pushed some smaller holders to move BTC back onto exchanges, adding another short-term sentiment risk.
Key Levels
Resistance: $63,600–$63,800
Support: $62,000–$62,300
✅️ FOLLOW FOR MORE ✅️
$BTC
$ZEC
$ZIL
#BTCUSDT continues to respect the descending channel, with each rebound capped by the upper trendline. Price is now moving toward $62,000–$62,300 support; holding this zone could trigger another recovery toward $63,600–$63,800, while a confirmed break below would expose the lower channel boundary.
🌍 BTC Market Pulse
▪️ U.S. spot Bitcoin ETFs recorded $265.4M in net outflows on July 31, reversing the previous day’s $233.1M inflow and showing that institutional demand remains unstable.
▪️ Michael Saylor hinted that Strategy may resume Bitcoin purchases after a five-week pause; the company currently holds 843,775 BTC.
▪️ A Coldcard wallet vulnerability linked to nearly $89M in losses pushed some smaller holders to move BTC back onto exchanges, adding another short-term sentiment risk.
Key Levels
Resistance: $63,600–$63,800
Support: $62,000–$62,300
✅️ FOLLOW FOR MORE ✅️
$BTC
$ZEC
$ZIL