#$BITCOIN has pulled back toward the $84Kโ$86K zone after recently trading above $87K.
๐ Key pressure: Rising U.S. Treasury yields and stronger economic data are weighing on risk assets.
๐ Positive signal: U.S. Spot Bitcoin ETFs recently recorded nearly $1 billion in net inflows in a single day, showing strong institutional demand.
๐ Market levels to watch: โข Resistance:$ ~$87Kโ$89K
โข Support: ~$84K#
๐ Key pressure: Rising U.S. Treasury yields and stronger economic data are weighing on risk assets.
๐ Positive signal: U.S. Spot Bitcoin ETFs recently recorded nearly $1 billion in net inflows in a single day, showing strong institutional demand.
๐ Market levels to watch: โข Resistance:$ ~$87Kโ$89K
โข Support: ~$84K#