Bitcoin remains the heartbeat of the crypto market, and last week delivered a mix of volatility, hidden bullish signals, and macro-driven hesitation. While many traders panicked over declining price action, a closer look reveals signs of accumulation and potential reversal.
Let’s break down what happened last week, what the charts are saying now, and what to watch for heading into the final week of July 2025.
📊 Last Week’s Recap (July 21–26)
🔻 Price Action Summary
- BTC started the week near $63,000 but saw a sharp rejection from the $63.5K resistance zone.
- The price dropped steadily to a low of around $59,400, triggering panic selling and liquidations across altcoin markets.
- Despite the drop, Bitcoin’s volume profile shows increased buying near the 78.6% Fibonacci retracement, a key confluence zone for bullish reversals.
📈 Volume & Heatmap Insights
- While price fell, volume inflows remained strong, indicating whales may be scooping up BTC while retail panic sells.
- Heatmaps show thick buy walls around $58.8K–$59.2K, acting as a strong demand zone.
- Liquidation data also shows shorts began to stack above $61K, setting the stage for a potential short squeeze next week.
🧠 Market Sentiment
- Fear & Greed Index dipped to 32 (Fear), its lowest in 2 months, which historically precedes upside volatility.
- Altcoins bled harder than BTC, causing many to speculate the bull run is over, a common sign of late-stage correction before wave continuation.
🔮 What to Expect for Next Week (July 28 – Aug 2)
🔍 Technical Outlook
✅ Bullish Signals
- RSI is resetting on higher timeframes, with 1D and 3D charts approaching oversold levels.
- BTC is still respecting the macro higher low structure on weekly candles, suggesting the bullish trend remains intact.
- Bitcoin Dominance ($BTC.D) appears to be breaking down, which could be the start of capital rotating back into alts soon.
⚠️ Bearish Risk
- Macro uncertainty (U.S. elections, interest rate updates, and Middle East tensions) continues to suppress market confidence.
- If BTC loses $58.8K, the next key support sits at $56.3K, which must hold to avoid deeper corrections.
- Lack of volume on bounce attempts may signal more downside unless a catalyst emerges.
📅 Key Levels to Watch Next Week
| Zone | Description |
|---|---|
| $58.8K–$59.2K | Strong demand zone (heatmap & Fibonacci) |
| $61.5K | First resistance with short liquidity |
| $63.3K–$63.5K | Major rejection point from last week |
| $56.3K | Final macro support before potential breakdown |
💡 EPIQ Trade Setup Outlook
Our team at EPIQ Trading Floor is watching for:
- Short squeezes above $61K, potentially triggering a move toward $64K.
- Bullish divergence on 1H and 4H timeframes, confirming reversal potential.
- Macro-driven reactions around U.S. employment reports and inflation data, which could spark unexpected moves midweek.
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🚀 Final Thoughts
While short-term price action may feel shaky, the broader trend remains intact. Bitcoin has historically thrived in moments of uncertainty, and the confluence of support, rising volume, and bearish sentiment may mark a powerful setup, especially heading into Q3 earnings season and U.S. ETF inflows.
This is not the time to panic, it’s time to stay level-headed, manage risk, and prepare for volatility.
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NFA Disclaimer: The content in this post is for educational purposes only and is not financial advice. Always do your own research before making any investment decisions.
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