BTCUSD - The Upward Trend Continues!Bitcoin / U.S. dollarBITSTAMP:BTCUSDSwansenseBitcoin is correcting after encountering profit-taking pressure around $66,500–$66,800, but the upward structure within the price channel remains unbroken. The $64,000–$65,000 region is currently a crucial support level, also located near the middle line of the uptrend channel; therefore, the current dip is still considered a pullback if buyers continue to defend this area. Fundamentally, institutional capital continues to provide support, with US spot Bitcoin ETFs recording $226.8 million in net inflows on July 20th, and then maintaining positive inflows in preliminary data on July 21st. Risk sentiment is also slightly supported by the recovery of Asian stocks, although a strong USD, rising US yields, and rising oil prices could still cause short-term volatility in BTC. On the H2 timeframe, as long as BTC holds the $64,000–$65,000 range, buyers retain the advantage. A clear bullish reaction from this area and a reclaim of $66,500 could pave the way for Bitcoin to continue following the ascending channel, heading towards the target zone around $69,102.