📉 #BTC Current Price & Sentiment
• Bitcoin is trading near $113,600, down roughly –3% on the day, reflecting risk-off sentiment.
• Declines were sparked by new U.S. tariffs and a wave of profit-taking, pushing the broader crypto market cap lower by ~3.8%.   
• Bitcoin briefly approached $123,000 earlier in July, but pulled back sharply as macro volatility rose. 
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🔍 Technical Analysis & Trends
• Key support is around $114K (previous resistance turned support). A deeper breakdown could test $112K. 
• Analysts forecast potential retracements toward $92K if a bearish divergence plays out, though many expect a rebound assuming support holds. 
• Many expect a post-halving rally in August, possibly driving prices toward $129–140K. 
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🏛️ Macro & Regulatory Landscape
• U.S. economic uncertainty and tariff concerns are weighing on risk assets, including crypto. 
• The Trump administration continues to pursue pro-crypto policies, like regulatory clarity, support for self-custody, and proposals for a strategic Bitcoin reserve. 
• Institutional adoption is rising: major funds are raising cash for Bitcoin exposure, and corporate crypto strategies (e.g. Syz Capital) are accelerating. 
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📈 What to Watch
1. Support at ~$114K – if broken, $112K could follow.
2. Resistance and target zones – $125K–$133K area remains critical in coming weeks. 
3. Macro catalysts – upcoming U.S. inflation data (CPI/PPI mid‑August) and Fed commentary on potential rate cuts. 
4. On-chain activity – whale movements (e.g. large sell-offs from long-term holders) may impact market psychology. 
