Bullish outlook
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Enter a long position on BTC/USD with a target profit of 67,375.
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Place a stop‑loss at 62,000.
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Horizon: 1–2 days.
Bearish outlook
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Initiate a short position on BTC/USD aiming for a take‑profit of 62,000.
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Set a stop‑loss at 67,375.
The BTC/USD pair stayed above the key resistance of 65,000 after Strategy maintained its Bitcoin holdings last week and as U.S. ETF inflows persisted. Bitcoin traded at $65,100 on Tuesday, well above this month’s low of $57,720.
Strategy Did Not Sell Bitcoin Last Week
Over the past two weeks, BTC/USD has traded in a tight range, supported by Strategy’s actions and U.S. investor demand. On Monday, Michael Saylor’s Strategy announced it had raised $225 million through a share sale, boosting its cash reserves to $3.2 billion—enough to cover dividend payments for almost two years.
This liquidity reduces the near‑term pressure to liquidate Bitcoin holdings. In a June statement, management said it aimed to raise more than $1.5 billion in cash, seeking to strengthen its balance sheet to fund preferred‑share dividends.
So far this year, Strategy has disposed of Bitcoin twice—first selling 32 coins, then later offloading coins worth more than $200 million.
Meanwhile, U.S. investors have continued to buy Bitcoin ETFs, accumulating over $500 million in just five straight trading days. If the trend holds, this could mark the first monthly inflow since April.
Bitcoin’s gains have coincided with heightened stock‑market volatility, driven by worries over the semiconductor sector and rising geopolitical tension between the United States and Iran. Consequently, Brent crude and WTI have jumped more than 20% from their June lows.
BTC/USD Technical Analysis
On the four‑hour chart, BTC/USD is forming an ascending channel this month and is approaching its upper boundary. The price has already cleared the 50‑period moving average, indicating bullish momentum.
The MACD histogram has risen above zero and is trending upward, and it has crossed above the Supertrend line. These signals suggest further upside toward the June resistance of 67,375. A break below the 50‑period average at 64,180 would call the bullish case into question.
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- Australian Dollar Pulls Back from Monthly PeakThe AUD/USD pair traded lower near the 0.7010 mark on Tuesday, marking a retreat from its four-week high. Despite this decline, the Australian Dollar remains positioned above the key psychological threshold of 0.7000, supported by cooling United States economic data that has tempered demand for the US Dollar (USD).The US Dollar remains largely stable as market participants weigh rising geopolitical tensions in the Middle East against evidence of slowing US inflation. While geopolitical instability and elevated oil prices continue to drive safe-haven inflows, recent inflation metrics have lowered expectations for further aggressive interest rate hikes by the Federal Reserve. Consequently, the US Dollar Index (DXY) is hovering near 101.00, following its highest level since mid-July.Recent US Consumer Price Index (CPI) data showed a monthly decline of 0.4% in June, with the annual rate moderating to 3.5%. This downward trend in inflation was further supported by weaker producer-price data, which has helped the Australian Dollar maintain its strength despite the geopolitical support for the Greenback.The US labor market also showed signs of slowing. The ADP Employment Change four-week average dropped to 16.5K, down from the revised 19.25K, indicating a deceleration in private-sector hiring. This cooling in the labor market prevented a significant recovery for the US Dollar and allowed the AUD/USD to hold above the 0.7000 level.Market attention now shifts to Australia’s June employment data due this Thursday. Economists expect employment to grow by 15K, a significant slowdown from the previous 40.3K increase. The unemployment rate and participation rate are both forecasted to remain steady at 4.4% and 66.7%, respectively.Short-term technical analysis:On the 4-hour timeframe, AUD/USD is trading at 0.7007, maintaining a position above the 20-period Simple Moving Average (SMA) at 0.6998 and the 100-period SMA at 0.6946. This positioning suggests a mildly bullish near-term bias. Price action is currently supported by a horizontal floor at 0.7003, while the Relative Strength Index (RSI) sits near 57, indicating constructive momentum without being overbought as the pair consolidates below recent peaks.On the upside, immediate resistance is located at 0.7014, with a tighter barrier at 0.7019 where recent supply has been identified. On the downside, immediate support is found at 0.7003, followed by the 20-period SMA at 0.6998 and a secondary horizontal support at 0.6997. The 100-period SMA at 0.6946 remains well below, reinforcing the underlying bullish structure as long as current price levels hold.
