Arnne Carragie1d ago

Bitcoin’s July Reversal Map: Can Bullish RSI Divergence Spark a Short Squeeze to $75K?

AI Market Summary

BTC is testing the $60k area after a sharp June drawdown, with pressure linked to sizeable U.S. spot ETF outflows, concerns around corporate treasury financing capacity, and elevated macro/geopolitical risk. Offsetting this, on-chain UTXO and SOPR metrics suggest capitulation-like exhaustion, while RSI divergence and rising perpetual volume/open interest point to a crowded derivatives setup that could amplify any move once support/resistance breaks.

Impact level

● High

Affected assets

BTC/USDT-1.51%

AI Insight · BTC/USDTAI Insight

● Neutral

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Bitcoin (BTC) battles the critical $60,000 support level after an 18.5% June correction. Senior market analysts break down the institutional spot ETF outflows, MicroStrategy capital stress, emerging on-chain UTXO capitulation signals, and key technical scenarios for a July macro relief rally.

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Technical Analysis

Risk Warning

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