๐จ Waitโฆ Bitcoin is refusing to break down ๐
The CLARITY Act failed to get enough votes in the Senate. The Fed raised rates by 25 bps. Oil pushed above $106, while the Dollar Index moved above 100.
Normally, that kind of news should create serious selling pressure.
But Bitcoin?
Only around 1.5% down this September. ๐ฎโ๐จ
BTC is holding near $78K and is still roughly 32% up for the quarter.
The most interesting part isnโt the bad newsโฆ
Itโs Bitcoinโs reaction to it.
Bad headlines came in, sellers pushed price lower, but the downside didnโt continue.
That could be seller exhaustion โ or simply a market where both buyers and sellers are less active.
Now watch the $80Kโ$82K zone closely. A lot of BTC supply was accumulated there.
If BTC reclaims and holds this area, the structure gets interesting. ๐๐
But if it gets rejected, patience matters.
Follow the price, not the headlines.
#HYPEJumpsOver11% #HKMAPlansWholesaleCBDCByYearEnd #BOJHikesRatesTo31YearHigh
The CLARITY Act failed to get enough votes in the Senate. The Fed raised rates by 25 bps. Oil pushed above $106, while the Dollar Index moved above 100.
Normally, that kind of news should create serious selling pressure.
But Bitcoin?
Only around 1.5% down this September. ๐ฎโ๐จ
BTC is holding near $78K and is still roughly 32% up for the quarter.
The most interesting part isnโt the bad newsโฆ
Itโs Bitcoinโs reaction to it.
Bad headlines came in, sellers pushed price lower, but the downside didnโt continue.
That could be seller exhaustion โ or simply a market where both buyers and sellers are less active.
Now watch the $80Kโ$82K zone closely. A lot of BTC supply was accumulated there.
If BTC reclaims and holds this area, the structure gets interesting. ๐๐
But if it gets rejected, patience matters.
Follow the price, not the headlines.
#HYPEJumpsOver11% #HKMAPlansWholesaleCBDCByYearEnd #BOJHikesRatesTo31YearHigh
