Weekly Line Recap | BTC’s long-cycle direction hasn’t changed—August may bring a real choice

BTC weekly K shows four consecutive bullish candles. After correcting from the prior high of 126k, the price bottomed out at 57,758 and then stabilized; it is now ranging around 65,499.

On the long cycle, this drop looks more like a deep shakeout within an uptrend rather than a reversal. The 58,000-60,000 zone has formed clear buy support, which is an important defensive level for the next phase.

Here are several key points:

From late July to the first week of August, BTC will most likely continue to trade sideways and base within the 62,000-68,000 range; for the short term, look for a fight around 65,000.

If, at the beginning of August, it breaks through the 68,000-70,000 resistance band with volume, the weekly chart may reopen upside room; the targets would be 72,000-75,000.

If the attempt near 70,000 fails, then look for a pullback to the first support at 62,000-63,000; in extreme cases, strong support may be found in 58,000-60,000.

The biggest risk right now is not the downside itself, but panic selling and cutting losses at lower levels, followed by chasing again at higher levels.

In long-cycle trading, you’re not trying to predict every single K-line candle—you’re waiting for the trend to reveal the answer.

Trend first, discipline first. $BTC #BTC