BTC remains bullish above the key support zone. The current wave structure suggests potential for one more upside push to complete the sequence before a larger correction. Watch the marked support closely for confirmation. #BTC #Bitcoin #Crypto $BTC #NFPShockSpikesRateCutOdds ‌

Since shorting last week, $BTC $BTC has been repeatedly testing higher. Each time, it surges, retreats, and leaves an upper wick. It looks like a breakout, but it has never truly held. I think a pullback is not far away, but one more confirmation is needed. Above $BTC, watch 65400—65700. If it fails to push higher here and falls back below 65000, the bears will have truly made their move. The first target is 63300—63500; take partial profits there. If that level holds, don’t rush to imagine a massive crash. Shorting above 65000 does offer a favorable risk-reward ratio, but don’t sell simply because the price reaches that area. Wait for a surge and retreat before entering; invalidation is a sustained move above 65700. An upper wick shows that there are sellers above, but it does not necessarily mean an immediate drop. The bias for $BTC can be bearish, but the stop-loss must remain fixed.

On August 10, 2026, Bitcoin futures fluctuated around the $65,000 level. Bullish sentiment has recovered, but key resistance remains unbroken, creating a typical pattern of “institutional support below and strong technical pressure above.” 📊 Key Battleground for Bulls and Bears · Current price: Approximately $65,100 - $65,200, up about 1.2% over the past 24 hours. · Strong resistance above (core battleground): $65,300 - $65,500 is currently the “ceiling.” Selling pressure is concentrated in this area, which has rejected multiple previous attempts to break higher. A volume-backed breakout would set a medium-term target of $67,100 - $67,600. · Key support below: $64,700 is the first line of defense (the short-term moving-average convergence zone), while $64,000 is the medium-term bull-bear lifeline. 📈 Key Market Signals (Contradictions Intensify) · Strong institutional demand (bullish): Bitcoin spot ETFs recorded $1.1 billion in net inflows last week, the best performance since April. A single-day inflow of $853 million was recorded last Friday. BlackRock’s IBIT contributed more than 80% of the buying power, indicating strong institutional willingness to provide support. · Stubborn technical resistance (bearish): A “bearish RSI divergence” has appeared on the 1-hour chart. The price reached a new high, but RSI failed to confirm it, suggesting that upward momentum is fading. ADX is only 8.6, indicating that the broader market is in an extremely trendless sideways state. · Futures market signals: The funding rate is moderate (approximately +0.006%), so the cost for longs is not high. However, long liquidations over the past 24 hours ($132 million) far exceeded short liquidations ($15.86 million), meaning some long leverage has already been cleared out. ⚠️ Macro Catalyst Outlook The U.S. July CPI data, scheduled for release this Wednesday (August 12), will be a key catalyst. The market expects the year-over-year figure to slow from 3.5% to 3.4%. If the data comes in below expectations, it could further strengthen rate-cut expectations and benefit risk assets; if it exceeds expectations, it could reverse the current rebound. 💎 Summary BTC is currently in a “waiting for a breakout” state. The outcome at $65,300 - $65,500 will determine the short-term direction, while $64,700 is the bulls’ bottom line. Before the CPI data is released, the market is expected to remain range-bound with a slight bullish bias but limited upside. It is advisable to wait for a volume-backed confirmation before following the move and avoid heavily pursuing longs at resistance. #非农爆雷降息预期逆转 $BTC ‌