BTC Enters New Stage as Bulls and Bears Clash

The battle between bulls and bears in the cryptocurrency market has entered a new stage as August begins.

Last month, Bitcoin (BTC) experienced a double reversal on both weekly and daily charts, closing with a bearish candle despite global financial markets rising overall.

As risk appetite rebounds, funds have temporarily flowed into traditional equity markets, making the crypto market a target for short-term profit-taking.

However, this capital rotation does not indicate a change in the long-term trend, but rather a rebalancing during an upward move.