๐ BTC minor pullback after a โhugeโ up week
Bitcoin just had a week up ~22%, hitting a high of $79,500 (21/8) before retreating to $77,000โ77,500 this morning โ just a technical profit-taking pullback, not a crash.
๐ Cause: it surged too fast over a few days, weekend liquidity was thin, and part of the short-squeeze has unwound.
๐ Underlying momentum is still good: the U.S. Treasury increased purchases of long-term bonds, Trump pushes the CLARITY Act, and the BTC ETF is attracting strong net inflowsโthe highest since May.
๐ฏ Areas to watch: Support $73Kโ74K | Resistance $79Kโ80K. As long as it holds above $73K, the uptrend remains intact.
โ ๏ธ This is personal perspective, not investment advice.
$BTC $PEPE $BOME
Bitcoin just had a week up ~22%, hitting a high of $79,500 (21/8) before retreating to $77,000โ77,500 this morning โ just a technical profit-taking pullback, not a crash.
๐ Cause: it surged too fast over a few days, weekend liquidity was thin, and part of the short-squeeze has unwound.
๐ Underlying momentum is still good: the U.S. Treasury increased purchases of long-term bonds, Trump pushes the CLARITY Act, and the BTC ETF is attracting strong net inflowsโthe highest since May.
๐ฏ Areas to watch: Support $73Kโ74K | Resistance $79Kโ80K. As long as it holds above $73K, the uptrend remains intact.
โ ๏ธ This is personal perspective, not investment advice.
$BTC $PEPE $BOME