BTCUSD - Loss of Upward Momentum, Sellers Continue!Bitcoin / U.S. dollarBITSTAMP:BTCUSDSwansenseBitcoin failed to maintain its upward momentum after touching the $66,700–$66,800 range. A rounded top pattern is forming, while the price is creating progressively lower highs and retreating below $66,000. This indicates weakening buying pressure and the previous upward movement is at risk of turning into a deeper correction. Fundamentally, Bitcoin ETF inflows remain positive but have slowed significantly; preliminary data from July 22nd was considerably lower than the previous two sessions. Simultaneously, rising oil prices, persistently high US bond yields, and a USD supported by cautious sentiment are putting pressure on risk assets like Bitcoin. On the H1 timeframe, if BTC continues to be held below the $66,000–$66,400 range and loses $65,200, selling pressure could extend to $64,500, then head towards the key support zone around $63,600–$64,000.