$BTC on the short term is still going exactly according to plan… 🤝
After retesting the $65k level of resistance, price is now slowly starting to reject from that level just as I’ve expected, which will likely result in a move back toward $62k-$61k in the short term.
One thing I have noticed, though, is the brutal chop and lack of any strong volatility this week. In fact, this week has been one of the lowest volume weeks for $BTC this year despite the amount of volatility we have seen in gold and stocks this week.
Now that we are heading into the weekend, we could very well just chop around this level until we start to see volume surge back into the markets, likely around Sunday evening near the weekly candle close.
Keep a close eye on these levels as we head into the weekend!
August 7, 2026 3.8K 3 2
