US MARKET SESSION UPDATE: Bitcoin breaks below the psychological $80,000 floor to hit an intraday low of $79,400 as macroeconomic friction builds ahead of the upcoming Fed rate decision!
Here are the 3 key drivers moving the market tonight:
1️⃣ Institutional Outflows: Spot Bitcoin ETFs logged over $773 million in net outflows over 2 consecutive sessions as institutional desk risk-off sentiment surges.
2️⃣ Macro Pressure: Crude oil remaining elevated near $115/bbl fuels inflation concerns, keeping Fed policy hawkish ahead of rate projections.
3️⃣ Support Test: BTC is testing major liquidity demand between $75,000 and $77,600, while Ethereum consolidation holds near $2,300.
Will spot buyers step up to reclaim $80K before the Fed announcement, or are lower liquidity sweeps next?
Drop your price targets in the comments below!
Disclaimer: Content on ChainByte Media is created for educational and informational purposes only and is Not Financial Advice (NFA). Always do your own research (DYOR).
$BTC
$ETH
#Binance #CryptoMarket #BitcoinAnalysis #OrderBook #ChainByteMedia
Here are the 3 key drivers moving the market tonight:
1️⃣ Institutional Outflows: Spot Bitcoin ETFs logged over $773 million in net outflows over 2 consecutive sessions as institutional desk risk-off sentiment surges.
2️⃣ Macro Pressure: Crude oil remaining elevated near $115/bbl fuels inflation concerns, keeping Fed policy hawkish ahead of rate projections.
3️⃣ Support Test: BTC is testing major liquidity demand between $75,000 and $77,600, while Ethereum consolidation holds near $2,300.
Will spot buyers step up to reclaim $80K before the Fed announcement, or are lower liquidity sweeps next?
Drop your price targets in the comments below!
Disclaimer: Content on ChainByte Media is created for educational and informational purposes only and is Not Financial Advice (NFA). Always do your own research (DYOR).
$BTC
$ETH
#Binance #CryptoMarket #BitcoinAnalysis #OrderBook #ChainByteMedia