Bitcoin is flashing a bullish setup heading into August, good news for buyers even though August is historically one of the worst months for the coin.

• Bitcoin holding above a key line points to a run back toward the July highs near $67,000, with room higher.
• ETF money is flowing back in fast, the best week of inflows since May.
• Momentum signals across multiple time frames have all lined up bullish for the first time since the March rally.
• Fear is still high in the market, which often sets up the next move up rather than down.
• Friday's jobs report is the main event that could push prices; weak jobs data earlier in the week barely moved anything.

Outlook: If Bitcoin keeps closing above its key level, a retest of the July highs and a possible break toward the low $70,000s is in play over the coming weeks.

## Bitcoin Levels

• **Bias:** Bullish — buying toward the upside in August.
• **Buy / accumulate:** Above $64,502 (CME daily close); daily DCA regardless.
• **Sell / take profit:** Short strangle — sold the $66,000 call and $62,000 put; profit if price stays between $62,000 and $66,000 into expiry.
• **Support:** $63,000 weekly lows; $62,200 range floor; $61,800 prior higher low.
• **Resistance:** $66,000; $67,000 July high.
• **Targets:** $67,000, then $70,500 (200-day average), into the low $70,000s.
• **Invalidation:** Close back below $64,502 / the ~$65,540 midband opens a retest of the early-week lows; break below $62,000 flips to short.