$BTC BTC Price: $76,564.01
Bitcoin is facing bearish pressure as Australia's Reserve Bank (RBA) raises interest rates to an 18-year high, creating fresh concerns about global risk appetite and crypto market demand.
📊 Fundamentals & Market Flows
🇺🇸 US Spot Bitcoin ETFs purchased 79,800 BTC in Q3, compared with just 41,300 BTC mined.
Long-term holders reduced their balances by 248,000 $BTC
.
Public treasury buying has slowed down.
Market Cap: $1.54 Trillion
24H Turnover: $24.61 Billion
📉 Technical Analysis & Key Levels
$BTC is currently trading below the $77,518.30 lower envelope, keeping bearish momentum in focus.
🎯 Important Level to Watch:
Resistance: $77,518.30
Bullish Confirmation: Daily close above $80,362.84
Current Bias: Bearish
⚠️ My Outlook:
Macroeconomic pressure and weakening demand could keep Bitcoin under pressure. However, a strong recovery above key resistance could change the short-term outlook.
Stay patient, manage your risk, and don't rush into trades without confirmation!
#BinanceReopensWithdrawalsForMoreAssets
