BTC has been hovering around 64K for over a week now. The CPI data came in lower than expected, yet the Fed is still hawkish. The CLARITY Act's approval rate has dropped from 82% to 32%, with only two voting opportunities left before the August 7 recess. The fifth wave of the weekly downtrend isn’t over yet. The 58-68K wide-range consolidation has lasted over 300 days—where will Bitcoin find its revival? I’ve broken down the macro factors, market trends, on-chain data, five-wave structure, and three possible paths in the article below