📊 BTC UPDATE 24/07 – SELLER MOMENTUM WEAKENING, FAVORING LONG ON RECOVERY

After a sharp dump from the $66.8k zone, BTC has started showing signs of sell-pressure absorption, establishing a consolidation zone around $64.8k – $61.5k. On the M15 and M30 timeframes, price is consistently making higher lows, while the EMA20 is sloping upward and holding short-term support levels multiple times - indicating that buyers are stepping back in.

Although the H1 timeframe hasn't fully confirmed a trend reversal yet, as price remains below the EMA50, selling momentum has weakened significantly. Decreasing volatility with tighter price action and multiple long lower wicks suggest that capital is flowing back into the market