Good morning, community! 😎

😈 Quick market overview:

Bitcoin ETF: -$265.4 million (31.07)
Ethereum ETF: +$9 million (31.07)
Solana ETF: +$0 million (31.07)

Altseason Index: 58/100
Market Cap: $2.16 trillion

BTC Dominance: 58.4%

😎 Well, we’re starting a new month — August

As we know, August is usually a weak month for the market. Since 2013, BTC has closed it in the red 9 times. Not the best stats, but let’s see how things play out this time

The attempt to hold above the weekend lows has failed. With the weekly open, sellers stepped back in and pushed the market down to new local lows

💰 BTC: Rejected from the $63,700–$64,000 resistance zone and dropped back below $62,600, setting a new low. Resistance now stands at $63,300–$63,600. If $62,200 is lost, next target is around $61,500

💰 ETH: Failed to hold above $1,870, broke below local support and pulled back. Now trying to recover toward $1,850. Key resistance sits at $1,870–$1,880

Market is under pressure. No rush into longs until we see a strong bounce and a reclaim of nearby resistance levels 🔥