BTC, are you still waiting for a deeper low?

Market snapshot: rebounded from 57,800 to 67,000, with a gain of nearly $10,000. At this stage, it’s ranging and consolidating around 65,300. The weekly chart has four consecutive bullish days, but the upward momentum is gradually weakening—this is digestion and consolidation after a big rally. Stay above the 50-day moving average; the upward channel is still intact—don’t easily get shaken out by the volatility.

Two major core market signals:

1. The US-Iran conflict has temporarily eased, geopolitical panic has faded, and risk appetite has recovered, driving this rebound. Many people are still fixated on waiting for levels below 60,000, continuing to miss the move.
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2. ETF fund flows have shown a turning point: there have been multiple net inflows in July, and institutions are quietly positioning; retail investors are still pessimistic. Institutional capital entering the market is an important signal and deserves attention.

Technical focus
The upward channel remains intact; the current price is relying on the 50-day moving average as support. 66,500-67,000 is the key core zone in the short term. Only after a breakout with strong volume can it attempt to push toward 70,000; if the Federal Reserve releases hawkish remarks, it will very likely pull back to 64,000 or even 63,500, bringing a test of the bulls.

Key levels
Resistance: 66,500-67,000 → 70,000 → 75,000
Support: 64,000-64,500 → 63,500 → 60,000

Recommendations:
Take a small position to go long. Add on a pullback to 64,500-64,800, with a defense line at 63,500. The target is first to watch 66,500-67,000; after an effective breakout, continue to look toward 70,000.
Swing trade: wait for the FOMC to land. If there is a favorable breakout above 67,000, follow the move. If there is a downside break below 64,000 on a negative catalyst, wait for 63,000-63,500 before re-entering. $BTC $ETH