Bitcoin ETFs saw $729 million in outflows over two days, yet BTC is still holding above 82,500. I’m a little surprised myself.
Let’s check how that call played out: In my last post, I said 80,400 was an entry point. Yesterday, the low really did dip to 80,394 before bouncing back. That level was spot on.
$BTC is now at 82,560, up around 1% over 24 hours. According to Farside, ETFs saw another $244 million in outflows yesterday, but the price barely broke down—which suggests selling pressure is easing. On the chart, the red line at 83,500 is a level that’s been rejected three times, while the green lines at 81,000 / 80,400 mark support. I won’t chase until BTC holds above 83,500; I’ll consider an entry if it pulls back near 81,000.
$ETH 2,489, up 0.5%. ETH ETFs have now seen outflows for eight straight days, totaling $640 million—much rougher than BTC. On the chart, 2,520 and 2,590 are resistance, while 2,410 was yesterday’s wick low.
ETH/BTC has fallen to 0.0301. BTC is still the stronger one today.
· Entry zone: BTC 81,000–80,400 / ETH 2,440–2,410
· Resistance: BTC 83,500 / ETH 2,520, 2,590
· Invalidation: BTC below 80,000 / ETH below 2,400
I think the weekend market will just churn in this range. CPI isn’t out until Wednesday. Are you waiting for a pullback to enter this weekend, or will you wait for a break above 83,500 before chasing?
⚠️Just my personal rambling, not investment advice.
#BitcoinETF single-day net outflows of $244 million #BTC #ETH
$BTC
$ETH
Let’s check how that call played out: In my last post, I said 80,400 was an entry point. Yesterday, the low really did dip to 80,394 before bouncing back. That level was spot on.
$BTC is now at 82,560, up around 1% over 24 hours. According to Farside, ETFs saw another $244 million in outflows yesterday, but the price barely broke down—which suggests selling pressure is easing. On the chart, the red line at 83,500 is a level that’s been rejected three times, while the green lines at 81,000 / 80,400 mark support. I won’t chase until BTC holds above 83,500; I’ll consider an entry if it pulls back near 81,000.
$ETH 2,489, up 0.5%. ETH ETFs have now seen outflows for eight straight days, totaling $640 million—much rougher than BTC. On the chart, 2,520 and 2,590 are resistance, while 2,410 was yesterday’s wick low.
ETH/BTC has fallen to 0.0301. BTC is still the stronger one today.
· Entry zone: BTC 81,000–80,400 / ETH 2,440–2,410
· Resistance: BTC 83,500 / ETH 2,520, 2,590
· Invalidation: BTC below 80,000 / ETH below 2,400
I think the weekend market will just churn in this range. CPI isn’t out until Wednesday. Are you waiting for a pullback to enter this weekend, or will you wait for a break above 83,500 before chasing?
⚠️Just my personal rambling, not investment advice.
#BitcoinETF single-day net outflows of $244 million #BTC #ETH
$BTC
$ETH