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$BITCOIN #TradersCutFedRateHikeBetsBeforeMid2027 is trading around $62,900–$63,500, down from highs near $93,000 at the start of 2026 — roughly a 30% drawdown that's historically unremarkable for BTC, but the mood right now is defensive. Price is sitting below all major daily moving averages (EMA20, EMA50, EMA200), with support near $62,500 and resistance around $63,900–$64,000. Cryptonomist
Momentum: Daily RSI is around 42–45 — soft, but not yet oversold — while the 1-hour RSI near 32 hints at short-term seller exhaustion. The Fear & Greed Index sits at 29, squarely in "fear" territory. CryptonomistCryptonomist
Flows & dominance: Despite the price weakness, Bitcoin ETF inflows reportedly hit $850 million, and BTC dominance stands near 56% of a ~$2.25 trillion total crypto market cap — suggesting capital is leaving crypto broadly rather than rotating into altcoins. Bitcoin and Ethereum have also been among the few major coins posting positive relative performance while altcoins lag. Cryptonomist + 2
Near-term levels to watch:
Support: ~$62,500–$62,700
Resistance: ~$63,900–$65,300 (EMA cluster)
A reclaim of the EMA20 would be the first sign the downtrend is losing steam; a break below $62,500 opens more downside.
Bottom line: Bitcoin is in a grinding, methodical downtrend rather than a crash — technically bearish, sentiment fearful, but with steady ETF demand underneath. This isn't financial advice — just a read of current market data, and crypto remains highly volatile.
#DollarFallsToMayLow #USAugust1YInflationExpectations4.3% #