🚨 Important update on Bitcoin movement (#BTC)
As you know, Bitcoin experienced a sell-off before the weekly close due to market manipulation, causing it to retreat towards the short-term support zone, marking the first reversal of the month's close.
However, the positive aspect is that the selling wave did not accelerate afterward, which is a reassuring sign for now.
Now, all eyes are on the US economic data during the first week of August and how the cryptocurrency market will react to it.
In summary:
🔹 The $63,700 – $64,000 zone is a key short-term resistance level that must be reclaimed to maintain a bullish outlook.
🔹 To regain real momentum, Bitcoin must close daily above the $66,000 level; only then can we speak of a strong continuation of the upward trend.
For now, our priority is to reclaim nearby resistance levels. Once achieved, the path will become clearer, and we will begin the main market analysis.
📅 Tomorrow morning, we will review the economic calendar and go over all important data and events expected until Friday.
As you know, Bitcoin experienced a sell-off before the weekly close due to market manipulation, causing it to retreat towards the short-term support zone, marking the first reversal of the month's close.
However, the positive aspect is that the selling wave did not accelerate afterward, which is a reassuring sign for now.
Now, all eyes are on the US economic data during the first week of August and how the cryptocurrency market will react to it.
In summary:
🔹 The $63,700 – $64,000 zone is a key short-term resistance level that must be reclaimed to maintain a bullish outlook.
🔹 To regain real momentum, Bitcoin must close daily above the $66,000 level; only then can we speak of a strong continuation of the upward trend.
For now, our priority is to reclaim nearby resistance levels. Once achieved, the path will become clearer, and we will begin the main market analysis.
📅 Tomorrow morning, we will review the economic calendar and go over all important data and events expected until Friday.