BTC consolidated between $59K and $61K over the weekend. The recent escalation between the US and Iran hasn't helped sentiment, which the market had been hoping would improve, though both sides have now agreed to halt strikes and meet later this week, which may ease some of the caution. Even so, the episode added another layer of uncertainty. Downside protection, meanwhile, is concentrated near $59K-$60K, right where BTC is trading now. That's the floor traders are watching, and the level they are paying to defend. In this headline-driven market, investors may be better served avoiding leverage for now and keeping the focus on risk management.

Piyush Walke, Derivatives Research Analyst, Delta Exchange

Bitcoin is down nearly 7% the week, with altcoins taking an even bigger hit. Both bitcoin and ether are on track to finish the second quarter in the red, marking back-to-back losing quarters to start the year, something that's pretty unusual given their typical seasonal strength.

For bitcoin, this is only the third time it's started the year with two straight losing quarters. That's notable because Q2 has historically been one of BTC's strongest periods, making this year's performance a clear break from the usual trend.

Bitcoin is trading just above $59,000 and remains under pressure, with key moving averages overhead acting as resistance. A sustained move below $59,000 could open the door for a deeper correction toward the $52,000 region. On the upside, a break above the $61,200-$62,500 resistance zone could spark a recovery toward $64,000-$66,000. Until then, the technical outlook remains cautious

Ethereum is still holding above the key $1,500 support level. A break below it could trigger a deeper decline toward $1,440. On the upside, the $1,680-$1,700 zone remains the key resistance area that bulls need to reclaim to regain momentum.

"Global markets are entering the week on a cautious note as investors weigh geopolitical uncertainty against long-term growth. Asia-Pacific markets traded mixed early Monday as investors assessed escalating geopolitical tensions in the Middle East. Japan's Nikkei 225 slipped 0.35%, while the broader Topix gained 0.43%. Meanwhile, U.S. equities ended Friday modestly lower. The Dow, S&P 500, and Nasdaq all closed slightly in negative territory.

Bitcoin has come under pressure, slipping to around $59,500 as institutional ETF outflows, expectations of tighter monetary policy, and broader macro uncertainty weigh on investor sentiment. Bitcoin is currently trading near a key technical range, with support around $58,000 and resistance near $60,000. These are levels many traders will be watching for signs of shifting momentum.

Another trend worth watching is the continued concentration of capital in AI-related equities. Investors remain optimistic about the long-term AI opportunity, although concerns are growing around stretched valuations and the concentration of gains in a handful of companies

For crypto investors, ETF flows, geopolitical headlines, and expectations around interest rates will continue to shape sentiment.

As Bitcoin trades within a defined range, support and resistance levels remain key areas to monitor. Futures traders could use these zones to identify potential breakout setups, allowing them to adapt to changing market conditions while maintaining risk management."

Harish Vatnani, Head of Trade, ZebPay

"Bitcoin slipped below $60,000 over the weekend, trading around $59,940 on Sunday, down nearly 7% for the week. The decline was driven by continued outflows from U.S. spot Bitcoin ETFs, a stronger U.S. dollar, and hawkish signals from the Federal Reserve. Investors have also shifted capital toward AI-driven semiconductor stocks, while the broader tech selloff added further pressure on crypto markets. 

Looking ahead, markets will be watching whether ETF flows stabilise and demand improves in the third quarter, or if the weakness seen in the first half of the year continues.  

At the time of writing, BTC was trading at $59,500. BTC, on a daily time frame, gave a relief rally from $60,000 to $82,850 (with declining volumes). The bulls however failed to manage the grip on the asset  as the price resisted the 200 ema and witnessed a sharp fall. BTC plunged almost by 28% making the recent low of $59,115. The asset has given a weekly closing just below the crucial support of $60,000 and is consolidating around it. If it sustains above the support then we can expect some relief rally whereas if it fails to do that then the price may further fall and test the $52k levels."

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 closed the holiday-shortened week at 24,056, gaining 34 points (0.14%) and marking its third consecutive weekly advance. The rally was underpinned by easing crude oil prices and improving prospects of US-Iran peace talks, which significantly reduced geopolitical risk premiums. The sharp decline in India VIX to 13.05 reflects improving market sentiment. Banking and auto stocks remained the key drivers, while IT and metals underperformed.

Global cues were largely neutral overnight. US markets ended mixed as continued selling in technology stocks, driven by concerns over AI infrastructure spending, weighed on the Nasdaq, while the S&P 500 and Dow Jones finished almost unchanged. The Federal Reserve's hawkish stance continues to support the US dollar and keeps global investors cautious.

Asian markets are trading with a negative bias this morning, led by weakness in Japanese equities as the technology sell-off persists. However, the continued decline in Brent crude towards $72 per barrel is a positive for India, easing concerns around inflation and the current account. GIFT Nifty indicates a flat to mildly positive opening.

From a technical perspective, the broader trend remains positive as long as the Nifty sustains above the 24,000 mark. Immediate resistance is placed at 24,200, and a decisive breakout above this level could trigger fresh momentum towards 24,400. On the downside, 23,800 remains a crucial support; a breach could lead to a corrective move towards 23,600. While global cues remain mixed, softer crude prices and resilient domestic sentiment are likely to keep the buy-on-dips strategy intact.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin continues to trade in a tight $58,000-$61,000 range as investors weigh renewed geopolitical tensions in the Middle East against weakening institutional demand. BTC is on track to end June down nearly 19%, marking its weakest monthly performance since mid-2022. Spot Bitcoin ETFs have also recorded more than $4 billion in net outflows this month, the largest monthly withdrawal since their launch. Despite the weakness, July has historically been a strong month for Bitcoin, delivering average returns of 7.6% to 10.3%. From a technical standpoint, a large cluster of short positions sits above the current price, making $60,000 a crucial breakout level. A sustained move higher could trigger a short squeeze and push Bitcoin toward $64,000, while $58,300 remains the key support.

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At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,75,16,372.