$BTC currently trading above $82K which means market has absorved the shock from yesterday.
ETF has been negative last two days, so we need to be cautious. I'm keepinfg my eye sharp for the 82K retest, because that will send the price much higher from here.
Trap or not, I've been looking at some other data like US 10yr bond and US dollar index, both are VERY high. Like significant amount. As we know, these being high are risky for $BTC so take this with a grain of salt. At the same time, BTC ETF inflows have been crazyyy. They keep coming it. This is carrying the BTC price right now.
September is ending and with that we have ended 3 straight months of positive gains. The 7% for $BTC doesn't really show the whole story as lots of alts have absolutely broke the market.
$QNT literally pumped from $60 to almost $400. $ONDO has performed really well as an RWA asset. These are from just the top of my head.
If ETFs keep flowing like they have, absolutely NOTHING will stop this rush and i'm READY for Up-tober 🔥👀
Market's been RED today whole day, where are we heading?
Are we going down? No. At least not yet. We still have a very strong support at $82K for $BTC so before thats broken it's highly unlikely we're going into bearish momentum.
ETF inflows have been VERY positive and the trend has been on our side. This is helping the bullish momentum immensely. I'm still positive if $82K is not broken.