#BTC WEEKLY TF UPDATE:

#BTC closed the week indecisively. This week, we saw a retest and encountered the drawn resistance again. It is currently going through consolidation, and we need to see a breakout sooner either above $66,000 or $61,500.

#BTC trading above #RealizedPrice — the natural bear market floor — but below #STH cost basis near $69K, the average entry of the past five months of buyers 📉🔴. Recovery climbing toward that breakeven level which represents the next key overhead #Resistance 💪.

First test of $69K likely to draw a strong reaction — holders approaching breakeven are most inclined to sell. A convincing reclaim gives recovery room to run while rejection keeps the range firmly intact ⚡️🎯👀

#BTC attempted to break the area again, and rejected again too. Price still holding the internal bullish structure and need to see a flip of the area too. Weekly close is very indecisive and need this week also for the closing too.

#DXY broke the long uptrend channel pattern, invalidating both channels. The index remains below the major resistance and support areas, and the market is not very clear.

Strategy (MSTR) has raised $263.5 million by selling shares but chose not to buy any Bitcoin this time. Its cash reserves have now grown to more than $3.2 billion.

Adjusted #LTH Realized Loss set its cycle peak two weeks ago and has now turned down — the single most important development in the current bottoming process 📉🔴. For the first time this cycle, the metric defining bear market depth is falling rather than rising 💪.

One turn does not prove exhaustion and a fresh shock could restart it — but at the margin, the sellers who made this bear market are beginning to run out of supply to sell ⚡️🎯👀

#US30 UPDATE:

#US30 reached another all-time high and then dropped. The price is switching from bullish to bearish, but the trend looks super bullish, so it might be a liquidity hunt in the zone around 51,700.

#BTC broke above major resistance, but the daily close is still pending. A strong close could lead to a significant upward move in the market. It looks like an Inverse Head & Shoulders pattern is forming; if confirmed, we could move higher from here.

#BTC had a good and healthy close above it and is now retracing back to the zone. Looking at the price action, it is building liquidity to the downside, so we can expect some sort of news to come up that will suck the dollars resting below.

#GOLD dropped all the way back to our entry point but failed to tap into the support zone, rallying higher. Now it's back near the resistance area and is in consolidation, so we can trade this range until a breakout occurs.

Nothing much happened with #BTC, just shallow downward moves. Price needs to settle on either side with a higher time frame closing (weekly candle).

#SNX had a breakout, but it wasn't clean, and the price formed a consolidation above the same level. The price now needs to show a breakout from the marked zone (grey box) so that a trade can be initiated in that direction.

#BTC dipped all the way into the support zone and is still maintaining the bullish structure on the daily timeframe. The price direction remains very unclear; we need to wait for the price to break and close on either side to clarify the trend.

While old hands surrendered, buyers stepped in. The Accumulation Trend Score by wallet size shows a heavy, broad wave of buying into the June lows, spread across small wallets and large ones alike. Since price stabilized, that intensity has faded and the market has settled into waiting.

The coins sold at the lows found buyers. Whether those buyers return with the same force on the next move decides if this base holds.

Here's the Analysis of #BANANA:

#BANANA hit an all-time low a month ago and is now attempting to break the long downtrend channel pattern. Also, the price is following the small flag pattern. We need to see the price dropping as the market is bearish, so attempt shorts at the $4.88 area.

#BITCOIN DAILY TF UPDATE:

#BITCOIN gave a break of the small channel and not dipping hard. This is not a good move as its dipping lower can lead in bearish continuation move. Nothing much we still have support at $060,000 area.

#TOTAL UPDATE:

#TOTAL rejected good from the resistance and stuck between the two ranges. The market is running within the same emotions and all; we need to see some sort of breakout by which we can decide if the market money starts flowing or if the market will shrink.

The options market charges a premium for crash protection over upside bets, measured by the 25-Delta Skew. That premium spiked during the June selloff and has been draining since, and it now sits well below its February extreme. Hedging each dip costs less than it did a month ago.

Protection is still bid, as it should be under an unconfirmed low, but the direction of travel is toward normal.

#BTC WEEKLY TF UPDATE:

#BTC had a strong wick up, and now we can see it is rejecting as resistance kept standing strong. The week's close inside that will continue the consolidation within that range.