Bitcoin

Key insight

Bitcoin absorbed a barrage of bearish catalysts this week — a hawkish Fed split, a $70M hardware wallet hack, and ETF outflows — yet closed the week down only ~2%, suggesting forced selling is largely exhausted; the next directional leg hinges on whether the $65,000–$70,000 resistance zone can be reclaimed.

BTC is holding the critical $63,000 pivotal support but remains trapped below the $64,567 descending channel resistance, with RSI at ~44 and ETF flows net negative — directional conviction is absent.

Main risk

Fed September Rate Hike Re-pricing

Three FOMC officials dissented in favour of an immediate hike on July 29, pushing September tightening odds above 60% — a confirmed hawkish pivot would materially pressure risk assets including BTC toward the $59,070 support.