#BTC/USDT Update

Bitcoin is bouncing from the support line of the descending channel and now facing a key test at the 100MA resistance. This isn’t just a technical setup—it’s a make-or-break zone.

What’s happening now?

ETF inflows are heating up again, macro sentiment is leaning dovish with a possible Fed rate cut in September, and on-chain metrics are showing supply drying up.

If BTC flips the 100MA and breaks out of the channel, it could ignite a strong rally toward the $120K–$130K zone. But if it gets rejected again, we could be stuck ranging—or worse, drifting down toward $110K.

This is a moment where patience pays and breakout traders are watching closely.

Do you think BTC will clear the resistance or stall here again?

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