BTC hits $66,500 - a monthly high! 🚀

BTC hits $66,500 - a monthly high! 🚀

5 straight days of ETF inflows totaling over $727M, with Friday's $226.9M being the strongest since July 6. Institutional demand is back.

So what's next? 📊

Bullish signals:

📈 Polymarket puts 70% chance of BTC hitting $67,500 in July (up from 56% earlier this week)

📈 Falling wedge pattern on 4H chart - resolves upside ~70% of the time

📈 Five-day inflow streak is the most sustained institutional buying since mid-July

Bearish signals:

📉 Spot demand weakened again - CryptoQuant shows a drop of nearly -170,000 BTC

📉 Derivatives activity is propping up prices while genuine spot buying fades

📉 Weekly chart still in downtrend - need a confirmed close above $67K to shift the narrative

Key levels to watch:

🔹 Resistance: $66,000-67,400, then $69,000-72,000

🔹 Support: $64,300-64,500, then $61,000-60,000

The bottom line:

BTC is in a recovery structure, but the $ 64K- 66K zone is make-or-break. A weekly close above $67K could change the whole conversation. Watch the Fed meeting on July 28-29 as the next major catalyst.