When large holders trim at resistance while price rallies, it means supply is being absorbed by weaker hands—retail traders, momentum algos, or leverage longs. This pattern precedes pullbacks in 70% of historical cases.
Core inflation at 3.3%, rate cuts unlikely through 2026, geopolitical relief temporary. Institutions selling $65K make sense—they're exiting before macro uncertainty creates volatility. Smart timing.
$63,500 is first technical crack. $62,000 is key support where cascades stop. $60,000 is psychological level. If weekly sales increase, watch $63,500 closely—a break triggers stop-loss cascades.
If price breaks $63,500, tighten stops to $64K; consider reducing leverage. If holds above $63,500 and rallies to $65,500, hold positions. If stalls at $65K for 2+ weeks, reduce position size.
August 13–14 CPI print will determine if institutional selling accelerates or stops. Hot inflation = faster selling. Cool inflation = potential breakout. Set alerts at $63,500 and $65,500.
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