Can Bitcoin Defend the $58,000 Baseline to Spark a July Relief Rally Amid Macro Pressure & ETF Outflows?
Bitcoin (BTC) hit a 21-month low of $57,742 as persistent spot ETF outflows and a hawkish Federal Reserve outlook triggered widespread long liquidations. While macro headwinds keep bearish pressure high, historic green July patterns and extreme oversold technicals suggest a tactical relief bounce toward $60,600 is building.