#BTCDrops3.4%To$77383WSX Breaking 🔥: Bitcoin is facing renewed selling pressure after briefly reaching a three-month high near $81,300, with the market now watching whether $BTC can reclaim and hold the $80,000 level. The pullback comes as investors digest Federal Reserve Chair Kevin Warsh’s latest comments, while Bitcoin and major altcoins have given back part of their recent gains.
At the same time, institutional demand remains an important bullish factor: U.S. spot Ethereum ETFs recorded $225.8 million of net inflows in a single session, extending their buying streak to nine consecutive trading days, while Bitcoin ETFs have also attracted substantial capital during August.
The market is now entering a crucial test as traders weigh strong ETF demand against macroeconomic pressure and key resistance around the $80,800–$83,300 zone. If buyers can defend the current levels, the recent rally could regain momentum, but another rejection near resistance would leave crypto vulnerable to a deeper short-term correction.$ETH
$BTC
At the same time, institutional demand remains an important bullish factor: U.S. spot Ethereum ETFs recorded $225.8 million of net inflows in a single session, extending their buying streak to nine consecutive trading days, while Bitcoin ETFs have also attracted substantial capital during August.
The market is now entering a crucial test as traders weigh strong ETF demand against macroeconomic pressure and key resistance around the $80,800–$83,300 zone. If buyers can defend the current levels, the recent rally could regain momentum, but another rejection near resistance would leave crypto vulnerable to a deeper short-term correction.$ETH
$BTC
