In this video, we break down Bitcoin on the 4hr & 1hr chart using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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Bitcoin (BTC) is trading between $63,059 and $63,500, down roughly 2.6% to 3% over the last 24 hours.
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Bitcoin Insights Today
-Fed Rate Fears: High anxiety ahead of the July 28–29 FOMC meeting triggers widespread risk aversion.
-CLARITY Act Delayed: Senate delays the crucial crypto regulatory bill to prioritize other legislation.
-Leveraged Long Flush: Over $100 million in leveraged positions were wiped out in one hour.
-Global Equity Contraction: BTC slides alongside Asian markets, tracking a 10% plunge in Korea's Kospi.Positive ETF Inflows: BlackRock's IBIT anchored a $265 million net inflow, dampening steeper corrections.
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