Bitcoin is steadily grinding higher and has now reached a key decision zone around 65k.
The last time price traded at this level, it was rejected and moved lower. I'm leaning toward a similar outcome unless $BTC can break and hold above the 65.2k–65.6k range.
A confirmed breakout above that resistance would invalidate the current bearish outlook, shift market structure to bullish, and likely trigger a wave of short liquidations. If that happens, BTC could rally toward the 67k–68k area over the coming days.
For now, I'm maintaining my short positions with clearly defined stop-loss levels above resistance. If price is rejected from this zone again, I expect increased volatility and a move toward 61.3k.
Raymond James has raised its price target for Nvidia $NVDA to $352 from $330, while maintaining a Strong Buy rating.
The firm highlights Nvidia’s growing CPU business, which is expected to increase from roughly 3% of total revenue today to around 5% by 2028. While still a single-digit portion of Nvidia’s sales, the CPU segment is projected to become the company’s fastest-growing business, adding another major growth driver to the AI giant’s long-term outlook.
Historically, a higher high above the previous 3-month candle has often confirmed a major reversal. These reversal moves can be explosive, frequently producing 70%+ gains and catching the market off guard.
We’ve also seen another strong reaction from the HTF support band that has historically marked major bear-market bottoms.
That’s why I pushed back on the lower targets. Not because they were impossible, but because losing that macro support would have changed the entire picture.
Instead, the support zone provided a clear area to take calculated macro risk with strong R:R.
And once again, it delivered a powerful reaction.
Now, we’re just one step away from the confirmation I’ve been waiting for.
After the massive upside move that squeezed a large number of shorts, BTC is now forming a range.
On the downside, there’s plenty of liquidity to target, especially from late longs who entered during the pump.
However, before we see that downside move, I think there’s a strong possibility BTC sweeps the highs once again.
We’re already seeing shorts build up within this range, with many likely placing their SLs above the current high around $79.5K or near the poor high at $78.8K.
So overall, $BTC could still push higher, take out those short positions, and then reverse lower to hunt the liquidity sitting beneath the range.
The two major zones I’m watching for a potential retracement are:
• $70K–$71K — Imbalance / Single Prints • $66K–$68K — Perfect retest zone / Major support
If you saw my previous post, I also shared my alpha on the timing and how I believe this setup could play out.
$BTC is holding firm above the $77K zone despite short-term selling pressure.
Bitcoin is currently trading around $77,025, with a 24H range of $76,510–$78,831. The key question now is whether bulls can reclaim higher levels or if BTC enters another consolidation phase.
Key levels to watch:
• $76,500 → critical short-term support • $78,800–$79,000 → immediate resistance • A breakout above $79K could fuel fresh bullish momentum • Losing $76.5K could open the door to a deeper pullback
Volume remains healthy, but bulls need stronger follow-through to push BTC into the next breakout zone.
The next move could determine the short-term trend.
Price is hovering around $77K after a sharp breakout, with $79.5K standing as the key resistance from the 24H high.
A clean break and hold above $79.5K could open the door to $80K quickly.
That said, after such a strong move, a pullback toward $75K–$76K wouldn’t be surprising. The key question is whether buyers can defend the breakout zone.
Momentum remains bullish, but chasing the pump comes with risk.
$BTC pushing back above $68K wasn’t driven by crypto alone.
The Treasury doubling long-duration bond buybacks helped revive risk appetite across markets, and that move was enough to wipe out more than $1.4B in BTC shorts.
But the flow data is what really stands out.
Spot $BTC ETFs have already seen roughly $951M in net inflows this August, including $189M in a single session this week. ETH ETFs added another $70M+. That looks more like institutional allocation than retail FOMO.
Still, the picture isn’t entirely bullish.
VanEck’s capitulation model currently has 8 of 12 indicators triggered, a setup that has historically been followed by weaker 3–6 month periods.
DeFi also quietly suffered a $13B drawdown in April, largely from yield strategies breaking under pressure rather than outright exploits.
$ETH may show its next major move more clearly against $BTC than against the dollar.
ETH/BTC has remained in a multiyear downtrend, so a simple bounce isn’t enough to confirm a genuine reversal.
A decisive breakout followed by higher lows, higher highs, and rising volume would signal real capital rotation rather than temporary ETH outperformance.
That matters because ETH has often acted as a bridge between Bitcoin dominance and broader altcoin risk.
If ETH/BTC reverses while liquidity and onchain activity strengthen, the setup becomes far more compelling.
Bank of America views $NVDAB as one of the most attractive ways to gain exposure to the AI buildout, maintaining a $350 price target.
Nvidia is leveraging its massive free cash flow to secure key inputs across chips, land, power, and data-center capacity. With GPU rental rates holding firm and compute remaining scarce, the company continues strengthening its position.
We flipped our longs into shorts right here. Can we make it three W’s in a row?
After that solid push higher finally gave the longs room to breathe and hit the main target, the longs are now closed except for a few runners. From here, the focus is entirely on the shorts.
The multi-day bias remains bearish in my view. Ever since $BTC tapped $66K and reversed, the higher-timeframe structure has continued to favor downside.
Add the weekly open, a green Monday, and the current boring consolidation. With price sitting near the upper end of the local range, I’m expecting another move lower.
Our internal long target at $64.4K has been cleared, so there’s no reason for me to keep looking for longs right now. The plan is simple: stay short and look for further downside through the rest of the week.
Local confirmation is building, absorption is appearing, and outside of potential spikes, I believe most of the upside move is already behind us.
Sentiment is another factor I’m watching closely. Everyone suddenly seems extremely confident that the bottom is in. Funny how quiet those voices were when BTC was trading below $60K.
Now let’s see if we can make them sweat again.
Action:
“Never trust anyone if there are no stakes shared.”
That remains one of my core principles. I share my actions throughout the day, so you already know where I stand:
Short III from the previous winstreak. Short I from the current winstreak. And the final long has now been rotated into a fresh short.
Leverage is displayed.
From here, we move from position mode into monitoring mode.
Let’s see how this plays out. See you on the other side.
Not much has changed over the past few days. Bitcoin is still trading on relatively low volume, which has resulted in slow and uneventful price action.
For now, we remain in a short-term neutral range between $62.5K and $65K. The next strong move should become clearer once either level breaks with conviction.
Historically, August and September tend to be weaker months for Bitcoin, so I’m still leaning bearish over the coming weeks, especially while price remains below major macro resistance.
The market may feel boring right now, but these quiet periods are often when staying focused matters most. The biggest opportunities usually come to those who remain patient when everyone else loses interest. #BNBChainToActivatePasteurHardFork #USJulyRetailSalesFall0.6%