🚨 Bitcoin Update (Aug 4):
$BTC is trading around $63.6K after facing selling pressure from geopolitical uncertainty and a large Bitcoin sale by Strategy. Despite weak retail interest, institutional $ETFT.ETF demand remains relatively strong, helping Bitcoin hold above key support. �
The Economic Times +1
📊 Key Levels
🟢 Support: $62.8K–63.0K
🔴 Resistance: $64.5K–65.0K
📈 Outlook:
If BTC breaks above $65K, bullish momentum could return. Losing $63K may trigger another wave of selling toward lower support levels. For now, the market remains cautious, with traders watching macro news and $ETFT.ETF flows closely. �
#etf #BTC
$BTC is trading around $63.6K after facing selling pressure from geopolitical uncertainty and a large Bitcoin sale by Strategy. Despite weak retail interest, institutional $ETFT.ETF demand remains relatively strong, helping Bitcoin hold above key support. �
The Economic Times +1
📊 Key Levels
🟢 Support: $62.8K–63.0K
🔴 Resistance: $64.5K–65.0K
📈 Outlook:
If BTC breaks above $65K, bullish momentum could return. Losing $63K may trigger another wave of selling toward lower support levels. For now, the market remains cautious, with traders watching macro news and $ETFT.ETF flows closely. �
#etf #BTC