$BTC /$USDT â $63,105 (-0.97%)đ»
Rejected hard from $65.4K, now consolidating above $62,466 support with MA(7) below MA(99) â bearish structure short-term.
Why it's slipping:
đ Rate-cut uncertainty + dollar strength pushing capital to cash
âïž Markets watching the CLARITY Act Senate vote (due Aug 7)
đž Continued ETF outflows & whale selling
đ ~96% correlation with the S&P 500 â trading like a risk asset, not a hedge
Watch $62,466 â lose it and downside opens up. Reclaim $63,850 and momentum flips.
#BTC #MarketSentimentToday #BinanceSquare
Rejected hard from $65.4K, now consolidating above $62,466 support with MA(7) below MA(99) â bearish structure short-term.
Why it's slipping:
đ Rate-cut uncertainty + dollar strength pushing capital to cash
âïž Markets watching the CLARITY Act Senate vote (due Aug 7)
đž Continued ETF outflows & whale selling
đ ~96% correlation with the S&P 500 â trading like a risk asset, not a hedge
Watch $62,466 â lose it and downside opens up. Reclaim $63,850 and momentum flips.
#BTC #MarketSentimentToday #BinanceSquare
