dailytradingplan

*AJ 8 Aug 2026 - BTC Market Entry Update* 📊

### *Current Market Status: MIXED / CAUTIOUS*
Last update: BTC was at $63,184 with a -0.3% drop. The 2-week low at $63,000 was broken.

### *ENTRY SIGNALS - UP or DOWN?*

#### *BEARISH / DOWN Signals* 🔴
1. *Security Fear*: The Coldcard $89M hack reduced trust in self-custody
2. *Big Selling*: The strategy sold $105M worth of BTC. There is still a plan to sell up to $5B
3. *ETF Outflow*: In July there were only $205M inflows — the lowest since Jan 2024. Last week saw $395M outflows
4. *YTD -20%*: In 2026, the downtrend is still ongoing
5. *Below $60K test*: In June BTC went below $60K. A retest could happen

#### *SUPPORT / Potential UP Signals* 🟢
1. *Price holding $63K*: Currently stable at $63,184
2. *ETH up*: ETH is +0.24%. Altcoins show some strength
3. *Long-term holders buying*: News said holders are accumulating
4. *Tether strong*: $1.5B profit + added BTC and Gold to reserves

### *Daily Trading Hub Entry Suggestion*

*For Scalpers/Day Traders:*
- *Range*: $63,000 - $64,500
- *Down Entry*: If $63,000 breaks, target $61,800. SL: $63,400
- *Up Entry*: If $64,500 breaks, target $65,200. SL: $64,100
- *Right now*: Sideways. Entering without confirmation is risky

*For Swing Traders:*
- *Wait & Watch* is better. Big volatility could come due to security news
- *Key Level*: $60,000 — if this breaks, it could move to the next $55K

### *Risk Management is a Must*
There is uncertainty in the market. So:
1. Take a small position
2. Keep a tight SL
3. Follow the news — so no further hack or sale happens

*Bottom Line*:
Right now the market is *neutral to slightly bearish*. It won’t move higher without strong volume. If the $63K support holds, a bounce is possible; otherwise, a $60K test will happen.

Which time frame are you trading? Scalping, intraday, or swing? Tell me and I’ll give you the exact entry/exit 💛
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