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#DXY gave a clean shot below the zone, which leads to strong movement in the market as seen. Now, the move yet to come, if no other news factor influences it.
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Here's the Analysis of #MANTA:
#MANTA is missing both sides of the key support and resistance area around $0.050 and $0.16, respectively. Still, it can go lower, so we are taking short-selling as our advantage.
#BITCOIN DAILY TF UPDATE:
#BITCOIN played the Inverse Head & Shoulder pattern perfectly and had a healthy breakout of the resistance. The next major area is $84,500 - $85,000.
#BANANA made a good move, and moved 19% in profits. The price is again attempting to move up and is on the verge of printing a new higher high.
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US spot ETF flows turned positive in the middle of July and turned straight back within the week. Net flows are modestly negative again, and set against the redemption waves of June and early July the current outflow barely registers.
The institutional channel is not selling this market down, and it is not buying it up either. Persistence rather than size was the thing to watch after last week's flip, and it did not persist.
#BTC made a sharp and clean breakout of the major resistance area and immediately hit the $70,000 area. The next key resistance area is now at $71,250 - $71,450. Price could go for a retracement or directly hit the resistance and retrace; let's see how it goes.
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Exchange deposits and withdrawals thinning out together — both running at roughly the same modest pace, among the quietest combined flows of the past three years 📉🔴. Balances drifted higher off April trough but broadly flat since early July 💪.
Pattern reads less like distribution or accumulation and more like pure disinterest — a classic signature of the quiet middle of a bear market. With so little moving on-chain, minimal standing supply is positioned to absorb any sudden change in demand should one arrive ⚡️🎯👀
#BTC tapped into the resistance zone again, and once again it shows the zone standing strong. Price was rejected in a decent manner, and again we can expect it to reach the mid-way of the range.
Also, in HTF, price is making an Inverse Head & Shoulder Pattern, which might be an early reversal indication.
#BTC surged at the NY open and is now nearly back at the resistance area. Hopefully, it will break through this time and a bullish market will begin.
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#US30 UPDATE:
#US30 forming a small wedge pattern and support is a little more down so it be give a negative break and fell lower. In case Index can a positive breakout then we can take short-term buys targeting the ATH as Take Profit.
Two key measures confirm this is a historically mild bear market 📉🔴. Against the 200D MA, no prior bear kept price this close to trend — deepest discount this cycle stopped well short of the mildest bear before it 💪.
Drawdown from #AllTimeHigh tells the same story — prior bears bottomed well below where this cycle has traded throughout. Historically shallow conditions suggesting structural resilience beneath the surface ⚡️🎯👀
#BTC WEEKLY TF UPDATE:
#BTC had a rejection from the weekly resistance straight back to the weekly support, with that the range continues to go further for next week. This month we don't have any strong news events, so breakout chances are pretty low. Nothing much to happen; just keep waiting.
#TOTAL UPDATE:
#TOTAL is still moving back and forth within the support area, moving sideways now. The market remains undecided, letting prices float here and there until some solid confirmation kicks in.
The second channel is more mechanical. Three-month futures basis, the yield on the cash-and-carry trade that anchors institutional participation in crypto, has been paying less than a 2-year Treasury since February. Only one other stretch on record has run this long, from August 2022 into January 2023, and it ended at the cycle low.
When Treasuries out-yield the basis, the desks that supply leverage, depth and volume to this market have little reason to be here. Much of what follows in the off-chain section looks downstream of that one spread.
#BTC is making small, new lower lows, and the price has nearly reached the middle of the range. Expecting more downside ahead, we will see how everything unfolds based on price action.
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#BTC WEEKLY TF UPDATE:
#BTC had a very strong move up and a very bullish candle straight to the resistance around $78,150. If today's candle closes this strongly, expect a shallow retracement followed by another leg up. Therefore, the week might include a retracement phase.
#TOTAL UPDATE:
#TOTAL had a very strong rise in inflow and goes straight into [resistance], likely getting rejected too. Well, if price starts breaking the resistance again, then we can have the market pump in the market.
The cost of downside protection collapsed to almost nothing on July 21, the same session Bitcoin printed its local high after a run up off the June low. Hedges were sold into the top, and the deleveraging that came with the rally left the market leaning into the move that followed.
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#BTC gave a clean break of the resistance area and had a retest. Price is still shooting higher, and the next key area is at the $82,000 mark. Currently, price is sitting at minor resistance, so it might be a small rejection area.
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#ATOM gave a break and retest of the resistance line, and now it is a good range for the drawn resistance area, which is a 10.7% trading range.
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https://www.binance.com/en/support/announcement/detail/d72915ed7a60473b92f0818d959a227a
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#BTC.D is still respecting the consolidation and shooting up all the way to the top of the range. Altcoins had a very short-term down move, which was not impactful. Now, if it rejects from here, we can expect a 10% - 30% jump in altcoins.
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#GOLD gave a flip over the resistance and is now heading for a retest; once it drops lower and we go LTF, we'll see any confirmation to take buys.
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200-day view, the clock is the other half. Bitcoin has now spent about three quarters as long below that average as the typical prior bear did, and most of those bears ran longer still. A drawdown this gentle has not yet served the time its predecessors served, which argues for patience rather than for calling the low, particularly for anyone working from a four-year cycle map.
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#BTC closed its weekly candle near the support area, and nothing is particularly clear. This week, we will likely see the same thing happening, and little will be done. A downtrend move can be expected.
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#DXY consolidated over the major support area. Still holding over it. Index falling lower is good, but we need to see a candle close below the area. Then we can expect a bullish move in the market.
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Bitcoin is trading in the biggest cost-basis zone, around $62K–$68K. It is split almost evenly between short-term and long-term holders.
Long-term holders provide support, while short-term holders are more likely to sell on a bounce. The key level is $69K, with major supply above at $83K–$86K.
#BITCOIN DAILY TF UPDATE:
#BITCOIN has continued to be rejected at intermediate resistance and is still ranging. Let's see how the weekly close plays out, and we will then anticipate some short-term moves.
$BTC implied volatility continues to compress, led by the front end. 1-week ATM IV has fallen toward 26%, while 6-month IV remains near 39%, steepening the term structure as traders price in subdued near-term moves but retain longer-dated uncertainty.
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The dollar has been rallying since May, and Bitcoin is handling it worse than almost any dollar rally on record. The typical precedent since 2015 had Bitcoin higher by this point in the run. This time it is deep in the red, with 3 of the 20 past rallies worse.
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