🚨 What’s Next for $BTC? Bulls & Bears at a Tipping Point

Bitcoin ($BTC) is approaching a crucial decision zone, and price action over the next few days could shape the trend for August. Let’s break it down:

🔷 1. Price Structure (July 30 Close)

• Current Price: ~$61,850

• Key Resistance: $63,500 – 64,200

• Key Support: $60,100 – 59,400

Price is consolidating below the 4H EMA200, forming a potential descending triangle, often a bearish continuation—but volume remains low, signaling indecision.

🔷 2. On-Chain Metrics

• Exchange inflows slightly increased → mild sell pressure

• Miner outflows stable → no panic from miners

• Whale accumulation holding steady (Source: Arkham & Coinglass)

🔷 3. Futures Market Data

• Funding rates neutral to slightly positive → no excessive leverage

• Open interest climbing → a potential volatility spike incoming

• Long/Short ratio ~1.03 → market still balanced, but cautious

🔷 4. Macro Factors

• FOMC meeting next week may trigger volatility

• Dollar Index (DXY) shows strength → typically bearish for BTC

• ETH and alts underperforming → risk appetite still weak

🔷 5. Possible Scenarios

✅ Bullish breakout if BTC reclaims and holds above $64.2K

🚨 Breakdown risk below $59.4K → may test $56.5K liquidity pocket

📊 Neutral: Choppy movement between $60K–63K until macro event

📌 Strategy Tip:

This is a market for disciplined entries. Watch liquidity grabs, avoid chasing breakouts without volume, and manage position sizing carefully.

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Posted by @jutt9081

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