$BTC hits the same ceiling twice
BTC is trading around 80.4K after a second rejection near 82K. The first came on Sep 3, the second this weekend.
What happened in the same week:
🏦 Fed raised rates 25 bps to 3.75%-4%
📉 Spot BTC ETF flows: -$450.4M, -$295.9M, then +$159.5M and +$433.0M. Net for the week: about +$6.1M
Senate cloture on the CLARITY Act failed 49-50
Both the hike and the vote outcome were largely expected, so resilience matters but it isn't confirmation. Also, August's rally was driven mostly by short covering, which means sustained ETF demand is what the next leg would need.
Scenarios, not predictions:
Acceptance above ~82K with flows staying positive: ceiling flips to support candidate
Another rejection with flows fading: 77K-78K shelf back in play
Chop below the ceiling: leverage gets punished in both directions
A wick above a level is not acceptance. Let structure confirm.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #ETFFlows
BTC is trading around 80.4K after a second rejection near 82K. The first came on Sep 3, the second this weekend.
What happened in the same week:
🏦 Fed raised rates 25 bps to 3.75%-4%
📉 Spot BTC ETF flows: -$450.4M, -$295.9M, then +$159.5M and +$433.0M. Net for the week: about +$6.1M
Senate cloture on the CLARITY Act failed 49-50
Both the hike and the vote outcome were largely expected, so resilience matters but it isn't confirmation. Also, August's rally was driven mostly by short covering, which means sustained ETF demand is what the next leg would need.
Scenarios, not predictions:
Acceptance above ~82K with flows staying positive: ceiling flips to support candidate
Another rejection with flows fading: 77K-78K shelf back in play
Chop below the ceiling: leverage gets punished in both directions
A wick above a level is not acceptance. Let structure confirm.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #ETFFlows
