In this video we cover the current four-hour timeframe, explaining how the market is behaving within its trend channel and why the distinction between a wave two and a potential C-wave recovery is critical. You will learn exactly what signals we are watching for on the shorter-term charts, including what constitutes a shift in momentum versus a continuation of the bearish trend. Video by More Crypto Online.
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Bitcoin is trading flat at roughly $64,278 USD ($55,699 EUR) as macro relief and structural shifts dictate market movements.
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Bitcoin Insights Today
-Geopolitical De-escalation: Reports from CoinDesk note that Washington, Tehran, and Oman are finalising an agreement to reopen the Strait of Hormuz. A formal announcement is anticipated today, which has cooled crude oil prices and created a ceasefire rally across traditional risk assets.
-Resilient ETF Inflows: Institutional support remains a firm floor for the asset. On August 4, U.S. spot Bitcoin ETFs registered over $170 million in net inflows, powered significantly by BlackRock's IBIT, which pulled in $111.43 million.
-The "August Slump" Curse: Historically, a strong performance in July triggers a weak seasonal pullback in August, with historical data tracking an average 7.5% market decline during this specific calendar month.
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