Latest (Tuesday, August 11) BTC (Bitcoin) is currently trading around $64,200. Over the past 24 hours, it has edged down 1.5%. After four straight trading sessions testing the $65,000 resistance, it still hasn’t managed to break through with a convincing increase in volume. The market is maintaining a narrow-range consolidation triangle pattern. All funds are waiting for tonight’s U.S. July CPI inflation data to be released, and the market’s next direction will be decided soon.
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### 👉 Key features of the tug-of-war between longs and shorts
The bullish side is very solid: Bitcoin ETFs under BlackRock have recorded cumulative net inflows of up to $470 million over the past week. Total net accumulation is close to 7,300 BTC. Institutional capital is concentrating low at current levels for accumulation, and the buy-the-dip support at the bottom is strong, making it difficult for a deep selloff to occur below.
The bearish side also exists: Bitcoin’s top bull, MicroStrategy, has recently sold another 1,690 BTC to cash out $100 million. In the current year alone, it has already cashed out more than $400 million. Historically, this is the first time it has shifted from a “buy-only” approach to ongoing de-risking and reduced holdings, which clearly suppresses long sentiment. Combined with the uncertainty surrounding tonight’s CPI data, major market players are also unwilling to place heavy bets on new longs right now. This has kept trading volume from expanding, and it has taken a long time to push through the strong $65,000 resistance.
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### 👉 Key price levels to watch
Right now, it is fully in a typical convergence breakout window:
- First major support below: $63,000–$63,500. This is the bull defense line for this rebound. As long as the price does not break down effectively, the corrective structure with upward consolidation will not be damaged. If it falls, that would be an excellent low-buy opportunity.
- First major resistance above: $65,400–$65,600. Only after holding above this zone will the uptrend for longs be officially confirmed. The next target can then be seen directly above $69,000.
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### 👉 Trading reference
Don’t blindly bet on direction now. After tonight’s CPI data is released, either it breaks out effectively and holds above $65,500, or it pulls back to $63,000 to confirm stabilization—then enter positions in line with the momentum. This offers a much higher win rate. In narrow-range consolidation markets, frequent back-and-forth trading can easily lead to stops being triggered on both sides.
⚠️ Important notice: All of the above is a compilation of publicly available market commentary and does not constitute any investment advice.$BTC
#BTC走势分析
---
### 👉 Key features of the tug-of-war between longs and shorts
The bullish side is very solid: Bitcoin ETFs under BlackRock have recorded cumulative net inflows of up to $470 million over the past week. Total net accumulation is close to 7,300 BTC. Institutional capital is concentrating low at current levels for accumulation, and the buy-the-dip support at the bottom is strong, making it difficult for a deep selloff to occur below.
The bearish side also exists: Bitcoin’s top bull, MicroStrategy, has recently sold another 1,690 BTC to cash out $100 million. In the current year alone, it has already cashed out more than $400 million. Historically, this is the first time it has shifted from a “buy-only” approach to ongoing de-risking and reduced holdings, which clearly suppresses long sentiment. Combined with the uncertainty surrounding tonight’s CPI data, major market players are also unwilling to place heavy bets on new longs right now. This has kept trading volume from expanding, and it has taken a long time to push through the strong $65,000 resistance.
---
### 👉 Key price levels to watch
Right now, it is fully in a typical convergence breakout window:
- First major support below: $63,000–$63,500. This is the bull defense line for this rebound. As long as the price does not break down effectively, the corrective structure with upward consolidation will not be damaged. If it falls, that would be an excellent low-buy opportunity.
- First major resistance above: $65,400–$65,600. Only after holding above this zone will the uptrend for longs be officially confirmed. The next target can then be seen directly above $69,000.
---
### 👉 Trading reference
Don’t blindly bet on direction now. After tonight’s CPI data is released, either it breaks out effectively and holds above $65,500, or it pulls back to $63,000 to confirm stabilization—then enter positions in line with the momentum. This offers a much higher win rate. In narrow-range consolidation markets, frequent back-and-forth trading can easily lead to stops being triggered on both sides.
⚠️ Important notice: All of the above is a compilation of publicly available market commentary and does not constitute any investment advice.$BTC
#BTC走势分析