🚨 $BITCOIN IS STILL ABOVE $78K — BUT THIS ETF SIGNAL MATTERS
Bitcoin is trading around the $78K area today, after recently pushing above $80K and reaching a three-month high.
But there is one thing I am watching very closely:
📉 U.S. spot Bitcoin ETFs recorded around $201.8M in net outflows on August 29, ending a nine-session inflow streak that had brought more than $3B into the products.
So what does this mean for $BTC ?
My short-term map:
🟢 Above $80K → bulls regain stronger momentum
🟡 $77K–$80K → important battle zone
🔴 Losing $77K → deeper correction becomes possible
I’m NOT chasing every green candle.
If BTC holds the $78K area despite ETF profit-taking, that could show that buyers are still strong.
But if ETF outflows continue and $BTC loses support, I would rather wait for confirmation than enter emotionally.
For me, the biggest question today is simple:
Can Bitcoin turn $80K from resistance into support? 👀
#Bitcoin #BTC #Crypto #BinanceSquare #Trading #CryptoNews
Bitcoin is trading around the $78K area today, after recently pushing above $80K and reaching a three-month high.
But there is one thing I am watching very closely:
📉 U.S. spot Bitcoin ETFs recorded around $201.8M in net outflows on August 29, ending a nine-session inflow streak that had brought more than $3B into the products.
So what does this mean for $BTC ?
My short-term map:
🟢 Above $80K → bulls regain stronger momentum
🟡 $77K–$80K → important battle zone
🔴 Losing $77K → deeper correction becomes possible
I’m NOT chasing every green candle.
If BTC holds the $78K area despite ETF profit-taking, that could show that buyers are still strong.
But if ETF outflows continue and $BTC loses support, I would rather wait for confirmation than enter emotionally.
For me, the biggest question today is simple:
Can Bitcoin turn $80K from resistance into support? 👀
#Bitcoin #BTC #Crypto #BinanceSquare #Trading #CryptoNews