Bitcoin is currently range-bound, but it is uncertain which direction it will break out. On-chain indicators suggest that investors are holding onto their Bitcoin, similar to market conditions in 2016 and 2019-20. Capriole Investments founder Charles Edwards believes that BlackRock's ETF application could make it easier for institutions to invest in Bitcoin. The charts of the top 10 cryptocurrencies show that Bitcoin may either break below the support of the range or break above the 20-day EMA.

BNB/USDT may rise to $265 if it breaks above the triangle, with $280 and $300 being potential rally points if the important resistance at $265 is broken. ADA's bounce off the 20-day EMA on July 19 was short-lived, indicating that bears are selling on relief rallies. SOL attempted to break above the overhead resistance at $27.12 on July 19 and 20, but the bears did not budge, suggesting that bears are selling on rallies. DOGE is attracting buyers at lower levels, with the rising 20-day EMA and RSI above 63 indicating that the path of least resistance is to the upside. MATIC is attempting to flip the 20-day EMA into support, with bulls having the upper hand if buyers clear the overhead hurdle at $0.80. LTC has been trading between the moving averages, with the bears trying to flip the 20-day EMA into resistance.

LTC/USDT may drop to $80 if the price falls below the 50-day SMA, as the bears are attempting to turn the 20-day EMA into a resistance level. However, if the price breaks above the 20-day EMA, a relief rally to $106 could be possible. Polkadot (DOT) has found strong support at $5.15 and reached resistance at $5.64, indicating that buyers are still interested in lower levels. The DOT/USDT pair may remain between $5.15 and $5.64 for a while, as the bears are aggressively selling rallies to $5.64. The RSI is still in positive territory and the 20-day EMA is gradually moving up, giving a slight advantage to the bulls.

This article does not provide investment advice and readers should conduct their own research before making any decisions, as every investment and trading move involves risk.