The Iran-US situation is still a key point suppressing this round of the bear market. The talks are like kids playing make-believe—we can just watch.

Besides that, institutions are buying low and selling high, but the effort remains limited, so there won’t be a big rebound at this stage.

Next week, the CLARITY Act is expected to pass in the Senate. If it passes, it will definitely bring a temporary positive catalyst; if it doesn’t, it will inevitably lead to a sharp sell-off.

Amid the July up-and-down swings, as of now Bitcoin is still holding to a weak range adjustment. For two straight weeks, the swing has been less than 4,000 points. Under sideways consolidation, there must be a one-way trend—the best approach is to watch while waiting! $BTC