Crypto Market Trapped Between Bearish Order Flow and Macro Uncertainty

Bitcoin and Ethereum are in a bearish order flow phase after ignoring last week's bullish scenarios. Instead of a full technical correction, the charts have shifted into a sluggish drift lower phase.

The market is currently pinned between $62,228 and the $64,000 zone. The key question is whether the current decline is the start of a full-fledged correction or an intermediate pullback.

The turn of the month did not bring an impulsive release to the crypto market, with geopolitical statements in late July proving to be little more than verbal intervention without real escalation.