Bitcoin Is At a Dangerous Level Right Now 👀
$BTC is trading around $78K after getting rejected from the $80K–$83K area.
And this is where things get interesting.
🐋 Whales are starting to distribute again, with all major wallet cohorts showing net selling for the first time since early June.
$83K is still the big wall.
But bulls aren't completely out of the picture.
Bitcoin is approaching a potential golden cross, while spot BTC ETF demand has also improved recently.
The bigger problem?
🔥 U.S. macro is back in control.
August jobs came in stronger than expected, pushing Fed rate-hike expectations higher. Now traders are waiting for Thursday's PPI and Friday's CPI.
So I'm watching two zones:
$83K → reclaim this and BTC could reopen the path higher.
$78K → lose this decisively and the pullback could get deeper.
Right now, I don't want to chase.
I want to see which side wins the battle first.
BTC breakout or BTC correction?
What's your call? 👇
$BTC is trading around $78K after getting rejected from the $80K–$83K area.
And this is where things get interesting.
🐋 Whales are starting to distribute again, with all major wallet cohorts showing net selling for the first time since early June.
$83K is still the big wall.
But bulls aren't completely out of the picture.
Bitcoin is approaching a potential golden cross, while spot BTC ETF demand has also improved recently.
The bigger problem?
🔥 U.S. macro is back in control.
August jobs came in stronger than expected, pushing Fed rate-hike expectations higher. Now traders are waiting for Thursday's PPI and Friday's CPI.
So I'm watching two zones:
$83K → reclaim this and BTC could reopen the path higher.
$78K → lose this decisively and the pullback could get deeper.
Right now, I don't want to chase.
I want to see which side wins the battle first.
BTC breakout or BTC correction?
What's your call? 👇