$BTC daily candle closed with another fakeout.
Bitcoin swept the lows, then swept the highs, and still closed inside the same range.
$82Kโ$82.8K is the important zone now. Bulls have to protect this area. Once this support breaks properly, the next dump will be much faster.
Donโt get excited by pumps on lower timeframes. Bigger structure is still weak.
Bitcoin spot ETFs have recorded 3 consecutive days of net inflows, bringing in a combined $1.07B.
Yesterday alone saw $524.8M flow into the funds, led by BlackRock's IBIT at $235M and Fidelity's FBTC at $212.7M.
That's a meaningful amount of capital flowing into Bitcoin investment products.
The key now is whether these inflows continue and translate into sustained buying pressure. Three days is encouraging, but consistency is what matters.
Bitcoin pushed towards $84,800 before getting rejected and falling back below $83,500.
That tells me sellers are still defending this area. BTC has now failed to hold above $83,500 on multiple attempts, making it the level that matters most in the short term.
If we reclaim it and hold, $84,300โ$84,800 comes back into play, followed by $87,000.
If resistance keeps holding, Iโm looking at $81,500 as the next key support. Lose that, and $79,500 becomes important again.
For now, BTC is still trading inside a range. I want to see a proper reclaim before treating this as a breakout.
The #Altcoin market capitalization is just having a relatively normal correction after its first push upwards.
We could still see a 3-6% correction, but the structure clearly starts to become bullish from here.
It won't take long before we'll start to see the next impulse.