#MarketSentimentToday
Rising Risk Aversion Weighs on Risk Assets, BTC Breaks Above 64K to Retest Key Resistance Levels
Market Analysis
Last Friday, a sharp pullback in semiconductor stocks weighed on U.S. equities, with all three major indexes declining for consecutive sessions and largely erasing their July gains.
The Nasdaq fell nearly 3% for the week. Delays to Starship’s first launch triggered market concerns, pushing SpaceX shares down more than 5%, with its market capitalization falling by over $1 trillion from the peak within one month.
Meanwhile, escalating tensions in the Middle East boosted safe-haven demand, driving crude oil prices up nearly 16% for the week, while gold and silver weakened for the second consecutive week. In crypto markets, BTC found support near $63,000 and rebounded steadily, breaking above the key $64,000 level and briefly testing around $65,000. The price is currently consolidating, with the short-term bullish structure remaining intact. The market is now focused on further developments in the U.S.-Iran situation and the progress of the CLARITY Act. The $64,000 level has become a key short-term support zone; maintaining this level could provide the foundation for BTC to challenge higher resistance areas.
#FootballSeason2026 #KoreanRetailFacesSteepChipETFLosses #SouthKoreaPreparesSecondCBDCPhase
Rising Risk Aversion Weighs on Risk Assets, BTC Breaks Above 64K to Retest Key Resistance Levels
Market Analysis
Last Friday, a sharp pullback in semiconductor stocks weighed on U.S. equities, with all three major indexes declining for consecutive sessions and largely erasing their July gains.
The Nasdaq fell nearly 3% for the week. Delays to Starship’s first launch triggered market concerns, pushing SpaceX shares down more than 5%, with its market capitalization falling by over $1 trillion from the peak within one month.
Meanwhile, escalating tensions in the Middle East boosted safe-haven demand, driving crude oil prices up nearly 16% for the week, while gold and silver weakened for the second consecutive week. In crypto markets, BTC found support near $63,000 and rebounded steadily, breaking above the key $64,000 level and briefly testing around $65,000. The price is currently consolidating, with the short-term bullish structure remaining intact. The market is now focused on further developments in the U.S.-Iran situation and the progress of the CLARITY Act. The $64,000 level has become a key short-term support zone; maintaining this level could provide the foundation for BTC to challenge higher resistance areas.
#FootballSeason2026 #KoreanRetailFacesSteepChipETFLosses #SouthKoreaPreparesSecondCBDCPhase