9.18 Friday Yang Fan Big Pancake (Bitcoin) Approach | Bad News Can’t Break It, the Pullback Flips Nothing
The CLARITY bill was rejected, the rate hike was delivered, and ETFs saw outflows of 740 million over two days—three major “bombs” went off at once, yet the big pancake still held at 75,000, while Ethereum actually rose by 2%. The shorts that were going to sell off did so; the market didn’t continue falling, indicating that short-term bad news is already exhausted.
But the funds haven’t come back—this rebound is merely a correction, not a reversal. Resistance is clear above 77,000–77,800 for Bitcoin, and Ethereum at 2,480–2,520 is under pressure.
Trading reference
Bitcoin: Sell short on the rebound at 77,000–77,800, target 76,000–75,500; if it breaks down, look for 74,800–74,000.
Ethereum: Sell short on the rebound at 2,480–2,460, target 2,400–2,380; if it breaks down, look for 2,340–2,300.
$BTC $ETH #比特币ETF流出4.5亿美元
The CLARITY bill was rejected, the rate hike was delivered, and ETFs saw outflows of 740 million over two days—three major “bombs” went off at once, yet the big pancake still held at 75,000, while Ethereum actually rose by 2%. The shorts that were going to sell off did so; the market didn’t continue falling, indicating that short-term bad news is already exhausted.
But the funds haven’t come back—this rebound is merely a correction, not a reversal. Resistance is clear above 77,000–77,800 for Bitcoin, and Ethereum at 2,480–2,520 is under pressure.
Trading reference
Bitcoin: Sell short on the rebound at 77,000–77,800, target 76,000–75,500; if it breaks down, look for 74,800–74,000.
Ethereum: Sell short on the rebound at 2,480–2,460, target 2,400–2,380; if it breaks down, look for 2,340–2,300.
$BTC $ETH #比特币ETF流出4.5亿美元
