$BTC
Pullback Triggered by ETF Outflows — Eyes on EMA 99 for a Rebound!
Bitcoin has slipped to around $113,640, retreating from recent highs — largely driven by a massive -$812.30M ETF net outflow on August 1st. On the daily chart, BTC is retracing and now hovering near the EMA(99), currently positioned at $107,800, acting as a key support zone.
🔮 Bullish Outlook:
If BTC can successfully bounce off the EMA(99), there's strong potential for a move back toward the $123,000 range.
📌 Critical Support Levels:
$107,845 — Must-hold zone (EMA 99)
$109,122 — Additional nearby support
A breakdown below the EMA(99) could open the door to further downside. The next move hinges on buyer strength at this pivotal support.
