đš BITCOIN IS HOLDING ABOVE $77K â BUT THE NEXT FEW DAYS COULD BE CRITICAL
Bitcoin ( #btc ) is holding near the $77K area after one of its strongest rallies in months.
The rally has pushed BTC toward a potential 6th consecutive daily gain, while the market is now turning its attention to several major catalysts this week. (Barron's)
đ 3 things I'm watching:
1ïžâŁ JACKSON HOLE
Fed Chair Powell's upcoming speech could influence expectations for monetary policy and risk assets.
2ïžâŁ CORE PCE INFLATION
This week's inflation data could affect expectations for future Fed moves.
3ïžâŁ ETF FLOWS
Continued institutional demand could be important if Bitcoin wants to extend this rally. (Binance)
The key question:
Can $BTC hold above the $77K area and build another leg higher â or will traders take profits after such a strong move?
đ Personally, I'm watching price + volume + ETF flows before drawing any major conclusion.
What do you think comes next?
đą More upside
đŽ Short-term correction
#Bitcoin #BTC
Bitcoin ( #btc ) is holding near the $77K area after one of its strongest rallies in months.
The rally has pushed BTC toward a potential 6th consecutive daily gain, while the market is now turning its attention to several major catalysts this week. (Barron's)
đ 3 things I'm watching:
1ïžâŁ JACKSON HOLE
Fed Chair Powell's upcoming speech could influence expectations for monetary policy and risk assets.
2ïžâŁ CORE PCE INFLATION
This week's inflation data could affect expectations for future Fed moves.
3ïžâŁ ETF FLOWS
Continued institutional demand could be important if Bitcoin wants to extend this rally. (Binance)
The key question:
Can $BTC hold above the $77K area and build another leg higher â or will traders take profits after such a strong move?
đ Personally, I'm watching price + volume + ETF flows before drawing any major conclusion.
What do you think comes next?
đą More upside
đŽ Short-term correction
#Bitcoin #BTC