Overview

• Bitcoin retraced nearly 9% from its July high of $123,200 and now trades between $112,000 support and $114,000 resistance.
• President Trump’s new tariffs and weak July payroll figures of just 73,000 jobs have dampened crypto investor confidence and spurred $812 million in ETF outflows.
• On-chain data show whales moved over 40,000 BTC to exchanges at a loss and Binance spot volume surged, signaling profit-taking by large holders.
• Technical analysis reveals mixed short-term signals with Bitcoin testing its 50-day EMA and an inverted head-and-shoulders pattern targeting around $148,250.
• Trump Media’s $2 billion Bitcoin allocation showcases growing corporate engagement as markets pause before next April’s halving.