$BTC – Hovering at Make-or-Break Support, Sellers Losing Momentum
Trading Plan Short $BTC * Entry: 59,800 – 60,300
SL: 61,400
TP1: 58,000
TP2: 56,500
TP3: 54,000
The 4-hour chart shows $ BTCstuck in a clear downtrend, failing to reclaim the MA(7) and MA(25) lines which are acting as strong overhead resistance. While the price is trying to stabilize around the psychological $60,000 zone, the overall structure remains heavily bearish. Every relief bounce is being met with aggressive selling pressure, and volume is fading on green candles. If the immediate support at $58,000 cracks, a swift liquidation drop toward the lower liquidity pools is highly expected.
Trade $BTC here 👇
What Experts & Trusted Platforms Say About BTC (Current Sentiment):
According to recent updates from top financial consensus platforms (such as Fidelity, FXStreet, and TradingView analysts):
ETF Outflows & Rate Hikes Pressure: Experts highlight that Bitcoin just faced one of its worst monthly performances since 2022, primarily driven by massive outflows from spot Bitcoin ETFs (over $3.6 billion in June alone) and persistent Federal Reserve hawkishness.
The Bear Market Cycle & Potential Bottom: Market analysts (like Aralez on TradingView and StoneX research) point out that BTC is traversing a historical 4-year cycle correction phase. While long-term accumulation by corporate treasuries remains active, prominent voices suggest the price could see one final capitulation sweep toward $46,000–$54,000 in Q3 before a massive Q4 recovery back toward six figures begins
Trading Plan Short $BTC * Entry: 59,800 – 60,300
SL: 61,400
TP1: 58,000
TP2: 56,500
TP3: 54,000
The 4-hour chart shows $ BTCstuck in a clear downtrend, failing to reclaim the MA(7) and MA(25) lines which are acting as strong overhead resistance. While the price is trying to stabilize around the psychological $60,000 zone, the overall structure remains heavily bearish. Every relief bounce is being met with aggressive selling pressure, and volume is fading on green candles. If the immediate support at $58,000 cracks, a swift liquidation drop toward the lower liquidity pools is highly expected.
Trade $BTC here 👇
What Experts & Trusted Platforms Say About BTC (Current Sentiment):
According to recent updates from top financial consensus platforms (such as Fidelity, FXStreet, and TradingView analysts):
ETF Outflows & Rate Hikes Pressure: Experts highlight that Bitcoin just faced one of its worst monthly performances since 2022, primarily driven by massive outflows from spot Bitcoin ETFs (over $3.6 billion in June alone) and persistent Federal Reserve hawkishness.
The Bear Market Cycle & Potential Bottom: Market analysts (like Aralez on TradingView and StoneX research) point out that BTC is traversing a historical 4-year cycle correction phase. While long-term accumulation by corporate treasuries remains active, prominent voices suggest the price could see one final capitulation sweep toward $46,000–$54,000 in Q3 before a massive Q4 recovery back toward six figures begins