Bitcoin is trading around $79,000–$79,400, firmly above its key moving averages and with a bullish bottom structure, but short-term momentum is weakening.

📈 Trend and moving averages (EMA)

• $BTC is above its main EMAs:

• EMA 20 ≈ $74,900–$77,100

• EMA 50 ≈ $70,600–$72,600

• EMA 100 ≈ $70,600

• EMA 200 ≈ $72,100–$72,900

👉 This confirms a bullish medium/long-term trend, with a “cushion” of dynamic support between ~$70.6k and ~$72.9k.

• Current consolidation range:

• Immediate support: $77,500–$78,500 (a zone tested several times).

• Critical support: $77,165 and then $76,900, with the 50 EMA near $77,700 acting as intermediate support.

• Key resistances:

• First important zone: $82,180–$85,000. A clear daily close above $85k would restart a more impulsive leg.

• Above that, projections toward $89,000+

⚡ Momentum: RSI and MACD

• RSI around 61–62: bullish zone, but without extreme overbought → there’s room to keep rising.

• MACD in negative territory and losing strength → the upward momentum is running out in the short term, although the broader trend remains intact.

💡 Practical read:

• As long as BTC stays above $77,500–$78,500 and, above all, above the EMA cluster (~$70.6k–$72.9k), the bias remains bullish with consolidation.

• A sustained break below $76,900–$77,165 would open the door to deeper pullbacks toward $72,800–$70,600 and, in an extreme case, $66,500–$62,300.

💰 Institutional flows and on-chain

🏦 Bitcoin ETFs (U.S.)

• Mixed signals on the daily timeframe, but positive on the weekly timeframe:

• Day with net outflows (~$46.6M on September 8), breaking 3 days of inflows.

• Recent strong inflows:

• $643M in one day (the largest inflow since January).

• Approx. $3,800M in net inflows over the 3 weeks up to September 4, with a single day of $731M on September 3.

• Funds like BITB with fresh inflows (~$24.76M on September 4), AUM ≈ $3,040M.#bitcoin #crypto #Binance #BinanceSquare