Bitcoin is stuck around $115K — about 2.5% lower than last week. Honestly, it’s been trapped in this boring little $112K–117K box since Aug 18. The whole mood? Controlled by macro drama and whatever the Fed decides to whisper next. 🙄
🕊 Powell tried to play soft at Jackson Hole — and yeah, $BTC jumped from $112K to $116K in minutes (thank you, $300M futures inflows 💅). But let’s be real: the glow-up didn’t last. By the end of the session, BTC was back at $115K and everyone started hedging again. Translation: market said, “cute try, but we’re not convinced”
📊 The point is $ETF flows. On Aug 19, $523M walked out of spot BTC ETFs — and surprise, BTC dipped straight to $112K. Without new inflows, babes, $118K isn’t happening. If money comes back, maybe we’ll retest highs. If not? Even $ETH might slide back toward $4K–$4.3K, no matter how hard she’s trying to flirt with $5K.
For now:
➡️ Support = $112K–113K
➡️ Resistance = $116.5K–117.2K
Break either side, and that’s the week’s direction. Period.
⚠️ What we’re all waiting on: US PCE inflation data + fresh Fed talk. Weak numbers could mean a dovish twist → rally fuel. Strong data? BTC could totally test $110K–105K. Right now, Powell’s Jackson Hole tea is already priced in, so we’re just… stuck in consolidation, waiting for the next spark. ✨
