$BTC back to 77000 again, and I still buy
$BTC is now around $77,100, and has already moved back close to the 76,000 support I’ve been talking about all along.
This time, the reason I’m willing to take it is actually very simple.
Core CPI came in above expectations. The probability that the Fed will raise rates by 25 BP next week once pushed close to 90%. On September 9 and 10, the BTC spot ETFs also saw consecutive net outflows of 120 million and 283 million USD.
With these factors weighing down together, $BTC ’s lowest level still held around 76,000.
$BTC is now around $77,100, and has already moved back close to the 76,000 support I’ve been talking about all along.
This time, the reason I’m willing to take it is actually very simple.
Core CPI came in above expectations. The probability that the Fed will raise rates by 25 BP next week once pushed close to 90%. On September 9 and 10, the BTC spot ETFs also saw consecutive net outflows of 120 million and 283 million USD.
With these factors weighing down together, $BTC ’s lowest level still held around 76,000.