The price is likely to drop to $53,188, a strong support level. If it breaks this level, the next target is $49,355 - $43,636, which would mark a new low for July.
In terms of trading data, over $12 billion in BTC short positions at the $68,000 - $69,000 range are expected to be liquidated.
Additionally, the Ethereum (ETH) ETF is scheduled to go live late next week, barring any changes to the timeline.
Remember to trade wisely and always set stop-loss and take-profit orders.
#SOFR_Spike #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #markebear
