$BTC is currently trading around $63,000–$64,000. The market is moving sideways after failing to break above the $65,000–$66,000 resistance zone.
Key Levels
Support: $62,000–$63,000
Resistance: $65,000–$66,000
Short-term trend: Neutral to slightly bearish
ETF flows and relatively weak spot demand are limiting upward momentum, while recent U.S. inflation data has not produced a strong breakout.
Outlook: BTC is currently range-bound. A sustained move above $66,000 would improve the short-term bullish picture, while a break below $62,000 could increase downside pressure. This is market analysis, not a prediction or financial advice.
#USJulyCPI&PPIDueThisWeek #BankOfRussiaToLimitRetailCryptoFromSep1
Key Levels
Support: $62,000–$63,000
Resistance: $65,000–$66,000
Short-term trend: Neutral to slightly bearish
ETF flows and relatively weak spot demand are limiting upward momentum, while recent U.S. inflation data has not produced a strong breakout.
Outlook: BTC is currently range-bound. A sustained move above $66,000 would improve the short-term bullish picture, while a break below $62,000 could increase downside pressure. This is market analysis, not a prediction or financial advice.
#USJulyCPI&PPIDueThisWeek #BankOfRussiaToLimitRetailCryptoFromSep1