Bitcoin

Key insight

BTC has pushed above the 50-day EMA ($64,587) on the IG feed intraday, but the medium-term trend stays corrective with the 100-day EMA at $67,025 and 200-day EMA at $72,569 acting as major overhead supply — a confirmed break above $65,000 is needed to shift the balance of power to bulls.

BTC at $64,841 is trading above the 20-day EMA ($63,943) but remains capped below the 50-day EMA ($64,587) and the key $65,000 round-number resistance, keeping the short-term setup range-bound.

Main risk

US July Jobs Report (Friday) & Fed Rate Path

The Fed held rates at 3.50–3.75% on July 29 with three dissenters in favor of a hike; a hot Friday jobs print could reignite rate-hike fears and send BTC back below $62,000 support.