๐ธ $BTC Quick Update โ Aug 11, 2026
Bitcoin is trading around $64,000โ64,280, down ~1.6% over the last 24 hours.
๐ Why it dropped:
Iran-Hormuz tensions flared up again โ Trump's demand for 50 years of compensation killed the reopening narrative, pushing oil to $89
Strategy (MicroStrategy) sold 1,690 BTC โ adding light pressure
Traders are now waiting on this week's CPI (inflation) report for the next clear signal
๐ Levels to watch:
Support: $63,750
Resistance: $65,000
๐ญ Verdict: Range-bound until CPI data drops. Hold above $63,750 keeps the structure intact; a break below could see further downside.
Not financial advice.
#BinanceSquareFamily #BTC #bitcoin.โ
Bitcoin is trading around $64,000โ64,280, down ~1.6% over the last 24 hours.
๐ Why it dropped:
Iran-Hormuz tensions flared up again โ Trump's demand for 50 years of compensation killed the reopening narrative, pushing oil to $89
Strategy (MicroStrategy) sold 1,690 BTC โ adding light pressure
Traders are now waiting on this week's CPI (inflation) report for the next clear signal
๐ Levels to watch:
Support: $63,750
Resistance: $65,000
๐ญ Verdict: Range-bound until CPI data drops. Hold above $63,750 keeps the structure intact; a break below could see further downside.
Not financial advice.
#BinanceSquareFamily #BTC #bitcoin.โ