Bitcoin: Nasdaq Bounce Echoes Prior $83K Rally

Bitcoin stands to open August with momentum after Nasdaq and KOSPI posted massive weekly candles, the identical pattern that previously fueled the move from $66,000 to $83,000.

At $63070.66 price sits beneath both the EMA50 at $64306.32 and EMA200 at $63919.65 inside a bearish structure confirmed by the MACD death cross at -229.98; the RSI at 38.3 remains neutral while price hugs the lower Bollinger band near $62956.13, pointing to short-term volatility exhaustion that could still allow a relief bounce toward upper band resistance at $65182.45 before any sustained continuation.