Bitcoin is selling off right at the July monthly close, putting a possible major cycle low in doubt — neutral leaning cautiously bullish, but only if bulls reclaim key levels in the final hours.

• Bitcoin dropped hard right into the end of the month, threatening the case for a July "macro low."
• To keep that bullish case alive, Bitcoin needs to close the month above roughly $63,750 at a minimum.
• A close back above $63,000 would flip a key trend signal and likely spark a rally toward the low $70,000s.
• If Bitcoin fails to hold these levels, a retest of the recent lows — or even lower — opens up.

Outlook: The monthly close in the next few hours decides whether Bitcoin has bottomed or is headed back down to retest support.

## Bitcoin Levels

• **Bias:** Neutral, cautiously bullish — not yet calling a cycle low
• **Sell / take profit:** none stated
• **Support:** recent lows (retest risk if levels fail)
• **Resistance / pivots:** $63,750 minimum monthly close; CME pivot $63,400 (index ~$63,700); $63,000 trend-signal reclaim
• **Targets:** low $70,000s (the "gray dots")
• **Invalidation:** failure to close above $63,750 opens a retest of the lows or lower