BTC withstands selling pressure, market structure remains fragile

Investor confidence in BTC is rising as it has avoided a sharp breakdown despite selling by Strategy, though the market's underlying structure appears fragile. A market pattern identified in early July is becoming clearer, with BTC holding up better than expected. Prices have not collapsed, leading more investors to believe the market can absorb selling volume. After a prolonged decline, BTC has shown limited sensitivity to additional negative factors, suggesting the market is becoming less reactive to bad news. Signals supporting investor sentiment and constructive technical chart patterns are reinforcing this view. If these signals continue to be confirmed, investor confidence could strengthen further. However, the broader view of the market remains unchanged: while BTC has withstood negative developments and selling pressure, the market still looks vulnerable.

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