๐๐๐๐..... ๐๐๐๐..... ๐๐๐๐ ๐จ
$BTC DOES $76K HOLD โ OR DO WE GO LOWER?
The Fed delivered the expected 25bps hike to 3.75%โ4%.
But the bigger pressure came from CLARITY failing and continued ETF outflows.
๐ BTC ETF flows:
Tuesday: โ$450M
Wednesday: โ$296M
โก๏ธ ~$746M out in just 2 days
ETH ETFs also saw โ$224M Wednesday.
Yet BTC is still holding around $76.4K.
SOL is near $100.
XRP is around $1.30.
So price is holding โ but the selling pressure hasn't disappeared.
A bounce while ETFs are bleeding doesn't automatically mean fresh demand. Some of the move could simply be shorts covering after the FOMC event.
For now, I'm watching two levels:
๐ $76K = key support
๐ $78K = first reclaim level
If Friday's ETF print is red again, this could be nothing more than FOMC relief.
If BTC reclaims $78K AND ETF flows turn green, Tuesday's flush starts looking more like a reset.
Now I want to see the MONEY come back. ๐๐ฐ
#ElSalvadorBTCHoldingsRiseTo7777
$BTC DOES $76K HOLD โ OR DO WE GO LOWER?
The Fed delivered the expected 25bps hike to 3.75%โ4%.
But the bigger pressure came from CLARITY failing and continued ETF outflows.
๐ BTC ETF flows:
Tuesday: โ$450M
Wednesday: โ$296M
โก๏ธ ~$746M out in just 2 days
ETH ETFs also saw โ$224M Wednesday.
Yet BTC is still holding around $76.4K.
SOL is near $100.
XRP is around $1.30.
So price is holding โ but the selling pressure hasn't disappeared.
A bounce while ETFs are bleeding doesn't automatically mean fresh demand. Some of the move could simply be shorts covering after the FOMC event.
For now, I'm watching two levels:
๐ $76K = key support
๐ $78K = first reclaim level
If Friday's ETF print is red again, this could be nothing more than FOMC relief.
If BTC reclaims $78K AND ETF flows turn green, Tuesday's flush starts looking more like a reset.
Now I want to see the MONEY come back. ๐๐ฐ
#ElSalvadorBTCHoldingsRiseTo7777
