$BTC/USD(BTCUSD.HAS)

🏆 [Weekly] Bitcoin lovers: Testing Support Amid ETF Flows & Volatility

Bitcoin is fighting to steady around $63,340 after a choppy week, caught between selling pressure and heavy institutional buying.

🔷 Technicals Snapshots

🟢 4‑Hour: Trying to climb back above the mid‑band ($63,573). Support holds near $62,053; RSI 47.42 shows indecision. A break above $63,573 could target $65,092.

🟢 Daily: Critical support sits at the lower band $62,520. Mid‑band now acts as resistance at $64,426; RSI 46.84 leans slightly bearish.

🔷 Key Fundamentals

🟢 Spot Bitcoin ETFs still posted positive monthly returns for July, despite late‑month swings.

🟢 BlackRock was the biggest story: after an early small sale, clients bought $273.2 million over two days — nearly matching total inflows across all U.S. ETFs that week, looking like clear buy‑the‑dip action.

🔷 The Verdict

$62,000–$62,500 is the make‑or‑break zone. Holding this support and pushing past $64,426 would signal bulls are back.

A breakdown here risks a drop toward $60,000 or lower. Institutional support offers a strong cushion, but price action needs to confirm it.

Not financial advice. Do your own DD.😁