Price has been holding up well after the recent recovery, and the overall market sentiment seems to be improving. But personally, I donโt think this is the time to blindly chase every green candle.
Iโm watching BTC around the current resistance area. If price breaks above it and holds there with good volume, that could be a strong sign that buyers are still in control.
On the other hand, if BTC gets rejected again, Iโd rather wait for a pullback toward support and see how price reacts.
For me, the key levels right now are simple:
โข Resistance: around $86K โข Near support: around $84Kโ$85K โข Stronger support: around $80K
Iโm not saying BTC will definitely go up or down. The market can change quickly, so Iโd rather wait for confirmation than enter just because the chart looks exciting.
$BTC is holding the $64Kโ$65K zone after failing to sustain above $66K last week. On-chain data shows mixed signals: โข Stablecoin reserves on major exchanges (including Binance) dropped ~$2.3B in the past 30 days โข Coinbase Premium remains negative โข Yet price is still defending the $63.5Kโ$64K support area With the Fed meeting on July 28โ29 approaching, this range is becoming critical. Do you think $BTC breaks higher toward $68K after the Fed, or do we test $60K first? Drop your view below ๐ Whatโs your short-term bias? #bitcoin #CryptoMarketMoves #BTC