Bitcoin and Altcoins Battle Market Uncertainty

Summary:
Bitcoin (BTCUSD) experienced a dip on July 8 but quickly rebounded as bulls bought the dip, signaling strong demand at lower levels. US-listed spot Bitcoin ETFs saw inflows of over $650 million since July 5. However, selling pressure may persist due to potential sales from the German government wallet and creditors of the defunct Mt. Gox exchange. The Crypto Fear & Greed Index dropped to 27, reflecting market uncertainty. Bitcoin’s price analysis shows fierce defense of key support zones, with potential price movements hinging on the 20-day EMA.
Other major cryptocurrencies like Ether (ETH), BNB, Solana (SOL), XRP, Dogecoin (DOGE), Toncoin (TON), Cardano (ADA), Avalanche (AVAX), and Shiba Inu (SHIB) are also analyzed. Most are showing attempts at recovery, with critical resistance levels to watch. The overall sentiment remains cautious, with bearish trends potentially continuing if key support levels are breached. The article emphasizes the importance of conducting individual research before making investment decisions.