$65,000 is now primary support. Intermediate support lies at $62,500. Upside resistance sits at $67,500, then $69,000. These levels held through August 10. Break below $62,500 would signal weakness; break above $69K suggests new uptrend.
Spot Bitcoin ETFs attracted $854M in one week. BlackRock's IBIT alone captured $479M. Zero outflows across six days signals no institutional exit concern. Retail weakness cannot overwhelm this level of institutional bid.
Traders buying dips into $62,500-63,500 hold asymmetric upside to $67-69K with defined risk. Taking profits at $67,500 locks gains. Using tight stops below $62K limits downside. Avoid chasing above $69K in choppy conditions.
Fed rate-cut odds rose after July jobs miss. Each 25bp cut lifts crypto by reducing carry trade hedging costs. Watch August 14-15 for any Fed guidance. If confirmed for September cut, Bitcoin breakout above $69K likely.
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