BTC key points this week
- Price: BTC ~$68,362 (Aug), up sharply off a multi-day rally from the low-$60Ks
- Resistance: Needs to clear $70,519 → then 200-day EMA at $71,676 to confirm trend reversal
- Support: ~$62,700
- Momentum: Overbought (RSI 71-85), but Fear & Greed Index only at 46 ("Fear") — sentiment lagging price
- Whales: Added $2.9B in BTC over 60 days, ending a prior selling streak
- ETFs: Choppy — $297.5M inflow Aug 17, but ~$385-390M net outflows the prior week
- Risk factor: SpaceX's ~$100B lockup expiration could shake broader risk markets
- Read: Strong bounce, not yet a confirmed reversal — still below 200-day EMA
