Bitcoin holding firm on two big macro shifts:

1. Geopolitical tensions cooling off
2. Fed pivot narrative gaining steam — rate hike fears fading

Meanwhile, the CLARITY Act vote just got pushed to September. Classic DC delay.

Translation? $BTC might have breathing room here if liquidity stays loose and no new black swans drop. Watch the Fed dots and any surprise hawkish rhetoric — that's your real risk.

September could bring regulatory clarity or more political theater. Either way, positioning matters now.