📊 Market Snapshot – August 7, 2025

Bitcoin (BTC) is showing signs of exhaustion after failing to break key resistance at $65K. Volume is tapering off, and RSI is hovering near overbought. A short-term pullback to the $61K–$62K zone looks likely unless bulls regain momentum fast.

Ethereum (ETH) is holding stronger relative to BTC, trading around $3,500 with solid support at $3,420. If ETH can flip $3,600 into support, a breakout toward $3,850 is on the table.

Altcoins are mixed. Some mid-caps like $RNDR and $INJ are seeing accumulation on dips. But overall, the market’s risk appetite is cautious—watch BTC dominance for signals. It’s creeping up again, suggesting traders are rotating into majors.

Macro factors are leaning neutral to bearish. U.S. Treasury yields are rising, and inflation data next week could move markets. Keep an eye on the DXY (Dollar Index)—if it breaks above 103.5, crypto could see added pressure.

Key Levels to Watch:

BTC: Support – $61K | Resistance – $65K

ETH: Support – $3,420 | Resistance – $3,600

SOL: $130 support holding, but momentum fading

DXY: Breakout watch at 103.5

Quick Take: Market is in wait-and-see mode. Patience is key. Look for strong narratives and coins with volume support. This is a scalper’s market—not a breakout rally yet.

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