My view on $BTC right now: neutral, leaning cautiously bullish
The setup: BTC ~$84.5K, +1.4% in 24h and +8% on the week. Spot ETFs just posted a 6-day inflow streak totaling ~$2.8B — but daily flows faded 3 straight days, down 81% from Monday's $999M peak.
Beneath the surface: whales bought ~30,000 BTC on the dip and Binance saw 13,800 BTC in net outflows in a day — its largest since 2023. Coins moving to custody is real confidence.
Narrative check: the crowd calls this pure bullish, but $87.3K has rejected price TWICE. Euphoria over flows while the tape stalls under resistance — classic divergence. Meanwhile the Fed hiked to 3.75–4.00% and the 10Y hit a 19-year high.
My view: solid base-building vs. confirmed resistance = choppy $81K–87K range most likely. A sustained break above $87.4K flips it clearly bullish. 45/30/25 bull/bear/neutral.
Not financial advice. DYOR.
#BTC #Bitcoin #BinanceSquare
The setup: BTC ~$84.5K, +1.4% in 24h and +8% on the week. Spot ETFs just posted a 6-day inflow streak totaling ~$2.8B — but daily flows faded 3 straight days, down 81% from Monday's $999M peak.
Beneath the surface: whales bought ~30,000 BTC on the dip and Binance saw 13,800 BTC in net outflows in a day — its largest since 2023. Coins moving to custody is real confidence.
Narrative check: the crowd calls this pure bullish, but $87.3K has rejected price TWICE. Euphoria over flows while the tape stalls under resistance — classic divergence. Meanwhile the Fed hiked to 3.75–4.00% and the 10Y hit a 19-year high.
My view: solid base-building vs. confirmed resistance = choppy $81K–87K range most likely. A sustained break above $87.4K flips it clearly bullish. 45/30/25 bull/bear/neutral.
Not financial advice. DYOR.
#BTC #Bitcoin #BinanceSquare