4TH AUGUST LATEST CRYPTO NEWS DIGITAL MAGAZINE

Bitcoin started the week on a stronger footing, climbing back above the $63K level after briefly dipping to around $62.2K during Monday’s session. Buyers steadily stepped in throughout the Asian trading session, pushing BTC above $64K and showing that demand remains active near recent support levels. The quick recovery is encouraging, but the real test now is whether Bitcoin can hold above $63K consistently. This level has been reclaimed and lost multiple times over the past few days, making it a key battleground between bulls and bears.

A successful hold above this zone would improve the short-term outlook, while another rejection could signal that buyers are becoming less aggressive on each dip. The broader crypto market also traded higher, although strength remained uneven across major assets. Ethereum continued to lag behind the rest of the market, remaining the only major cryptocurrency still posting weekly losses.

Bitcoin continues to trade inside a tight consolidation range after finding strong support near the $63,000 region. Buyers have defended this area several times over the past week, showing that demand remains healthy despite recent volatility. The 20-day EMA has started to flatten, while the RSI is hovering close to the midpoint, suggesting that selling pressure is easing and the market is waiting for its next directional move. Bulls now need to push BTC above the 50-day EMA near the $65,000 level to regain short-term control. If they succeed, Bitcoin could gather momentum toward the $67,500 resistance, followed by the important psychological level at $70,000.

However, if price fails to hold above the $63,000 support zone, sellers may attempt another move toward the $60,000 region. Ethereum continues to outperform several major altcoins after holding firmly above the $1,800 support zone. Buyers have gradually regained confidence, but ETH is still struggling to reclaim the major resistance near $1,900, which remains the key breakout level for the short-term trend. The flattening 20-day EMA and improving RSI suggest that bearish momentum is fading, allowing bulls to slowly rebuild market structure. A sustained close above $1,900 would strengthen the recovery and could trigger a move toward the $2,000 region, with further upside possible if buying volume increases. BNB remains one of the stronger large-cap cryptocurrencies despite the recent market volatility. The asset continues to trade comfortably above its major support near $570 while gradually building a higher base. Buyers have repeatedly stepped in on pullbacks, suggesting that accumulation is still taking place. The 20-day EMA is beginning to flatten, and momentum indicators are showing signs of improvement as selling pressure continues to fade. Bulls now need to reclaim the $605 resistance zone to strengthen the recovery and target the next resistance around $635. A successful breakout above that level could shift momentum toward the broader $670 region. XRP continues to consolidate after defending the important $1.06 support level, showing that buyers are still active despite the lack of strong momentum. The moving averages are beginning to flatten, while RSI is gradually recovering from recent weakness, indicating that selling pressure is slowly easing. Buyers now need to push XRP above the nearby resistance around $1.12 before attempting a move toward the $1.20-$1.25 region.

A successful breakout there would improve sentiment significantly and could trigger a larger recovery toward previous highs. On the downside, a break below $1.06 would shift short-term momentum back toward the bears and expose the psychological $1.00 support. Solana remains locked inside a broad consolidation range after successfully defending the $70 support area over the past week. Buyers continue to absorb selling pressure on dips, but the recovery is struggling to gain momentum above the short-term moving averages. The flattening 20-day EMA and neutral RSI suggest that neither bulls nor bears currently have a decisive advantage. A close above the $76-$78 resistance zone would improve sentiment and could lead to a move toward the next major resistance near $82 and then $90. However, if SOL loses the $70 support level, sellers may attempt to drive the pair toward the mid-$60 region. Solana continues to build a healthy base, but traders are still waiting for a confirmed breakout before becoming more aggressive.

Trader's Outlook
Bitcoin continues to lead the market, and its ability to defend the $63,000 support zone remains the most important factor for overall crypto sentiment. A sustained move above the 50-day EMA near $65,000 would improve confidence and could trigger another leg higher toward the $67,500 and $70,000 resistance levels. Ethereum continues to show relative strength, but traders should wait for a confirmed breakout above $1,900 before expecting a stronger recovery. BNB remains one of the healthiest large-cap charts and could outperform if it successfully clears the $605 resistance area. XRP continues to trade inside a tight consolidation range, and a breakout above $1.12 could be the first signal that momentum is returning. Solana is also compressing inside a well-defined range, with a move above $78 likely to attract fresh buying interest. Overall, the market is showing signs of stabilization after several volatile weeks, but confirmation is still needed before calling for a broader trend reversal. Volume remains relatively light, suggesting traders are waiting for a stronger catalyst before committing to larger positions. Until Bitcoin breaks decisively above resistance, range trading and disciplined risk management remain the preferred strategy.

Lastly please check out the advancement’s happening in the cryptocurrency world

Enjoy the issue!