$BTC a 81,821: Does it break resistance or return to 80,784?
CriptoNoticias reported that bitcoin ETFs lost 82 million dollars in the last session, marking their second consecutive negative session.
$BTC is at US$81,280, modestly up 0.44 % over 24 h. $NEAR (-1.8%) and $ZEC (-1.3%) are also moving.
My take: ETF outflows could signal selling pressure in the spot market, but open interest in futures remains predominantly long, suggesting traders are still betting on a recovery. With the RSI at 41.1 and a downtrend on the 4h chart, I’m getting a sense that a short-term correction may be coming.
Key support levels are 80,784 and 79,800; immediate resistance is at 81,821, followed by 82,838. If $BTC breaks below 80,784, the bearish scenario is confirmed; if it breaks above 81,821, the bullish momentum is validated.
Will it break 81,821 or fall back below 80,784? 🟢/🔴
#BitcoinETF #BTC
This is not financial advice. Do your own research before investing.
CriptoNoticias reported that bitcoin ETFs lost 82 million dollars in the last session, marking their second consecutive negative session.
$BTC is at US$81,280, modestly up 0.44 % over 24 h. $NEAR (-1.8%) and $ZEC (-1.3%) are also moving.
My take: ETF outflows could signal selling pressure in the spot market, but open interest in futures remains predominantly long, suggesting traders are still betting on a recovery. With the RSI at 41.1 and a downtrend on the 4h chart, I’m getting a sense that a short-term correction may be coming.
Key support levels are 80,784 and 79,800; immediate resistance is at 81,821, followed by 82,838. If $BTC breaks below 80,784, the bearish scenario is confirmed; if it breaks above 81,821, the bullish momentum is validated.
Will it break 81,821 or fall back below 80,784? 🟢/🔴
#BitcoinETF #BTC
This is not financial advice. Do your own research before investing.