📊 Will we break the range, or will August bring calm instead?
The price of $BTC is holding strong above the $64,000 zone. Although we’ve seen four consecutive days of net buying through U.S. spot ETF funds, overall volume still shows caution compared to previous months.Historically, August tends to be a month of lower liquidity and sideways movement in the crypto market. However, the current price compression leaves two clear scenarios on the table:
📌 The bullish scenario: That institutional accumulation keeps current support in place and pushes again toward the technical resistance at the upper end of the range from the past few weeks.
📌 The defensive scenario: That the broader market puts pressure on it and we look for support near the 50-day moving average (SMA-50) around $63,200.
Meanwhile, infrastructure tokens like $ETH and utility assets like $BNB are closely following the pattern set by the market leader.💡 Strategy of the day: In compressed markets, high leverage is usually very dangerous. Patience and accumulation in key support zones seem to be the rules of the game this week. Do you think the ETFs will be enough to prevent the typical August correction, or will we see a shakeout before continuing? I’m reading your thoughts! 👇
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