Clarity Act Vote and Iran Tensions Tighten BTC, ETH Charts

Bitcoin is forming a potential inverse head-and-shoulders pattern, although Gambardello emphasized it has not been confirmed. A sustained push toward the 200-day moving average near $72,000 would be a major bullish signal. The analyst said it could support a broader reversal after months of weakness. On the downside, he is watching $61,000 to $59,000 as an initial support area. A failure there could bring Bitcoin toward a longer-term Fibonacci range between about $48,000 and $57,000, with $56,000 singled out as an especially important level. The host described that lower range as a personal "serious" accumulation zone. He cautioned that a move into that zone would likely coincide with heightened market stress, not a clean bullish setup.

Ethereum is trading slightly above a descending trendline with its 20-day moving average attempting to cross above the 50-day. Gambardello warned similar past setups failed. A push toward the 200-day average near $2,100 would demand attention. He said a weaker outcome could send ETH toward $1,500.

Cardano presents a similar moving-average test after repeated failed reversal attempts. If the market weakens sharply, ADA could revisit $0.13 and potentially slide toward $0.10 to $0.12.

The Senate recess begins in August. Before that, Gambardello said, the next headlines on the Clarity Act or Iran could decide whether the charts break higher or resume their slide.