bitcointechnicalanalysisbearishmomentum

₿ Bitcoin Tests $63K As ETF Outflows Hit $265M
Aug 1, 2026
📉 Price Action: $63K Support Under Pressure
➯ Current: $63,082 BTC
➯ Key Level: Testing 78.6% Fib at $63,150 from May $82,492 to June $57,884 drop
➯ July High: $66,900 on July 21 - now mostly erased
➯ Daily RSI: 45.12 = Bearish, below MA 51.99. Not oversold yet

🏦 ETF Outflows Drain Momentum
➯ Net Outflow July 31: $265M from US spot Bitcoin ETFs
➯ BlackRock IBIT: -$123M | Fidelity FBTC: -$54.8M
Total AUM: $76.29B = 6.04% of Bitcoin market cap
➯ Ended 2-day inflow streak. Shows institutional demand still fragile

📊 Technicals Flashing Bearish
➯ 4H Chart: Below Bollinger midpoint $63,886. Near lower band $62,489
➯ Money Flow: -0.22 = Capital leaving BTC at support
➯ MACD: Bearish crossover, histogram -218.84TD Sequential: 3-day sell signal per analyst Ali Martinez

🎯 Liquidation & Next Levels

Downside:
➯ $62,000 = Major liquidity cluster
➯$60,000 = Psychological support $57,884 = June low

Upside:
➯ $63,886 = 4H Bollinger midpoint to reclaim
➯ $64,000 = Pressure eases above here
➯ $65,284 = Upper Bollinger band + short squeeze zone
➯ $66,900 = July high needs to break for full recovery

🏛️ Regulatory Overhang
➯ CLARITY Act odds: Only 27% chance of passing in 2026 per Polymarket
➯ Market waiting on Washington before next big move

🔮 TLDR
➯ Bitcoin is defending $63,150 Fib. Break below = $62K then $60K. ➯ Reclaim $63,886 + $64K = shot at $65K-$66K short squeeze.
➯ ETF outflows + weak momentum keeping buyers sidelined for now.

🔊 Not financial advice. High volatility. Trade with risk management. DYOR ⚠️

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$BTC