Bitcoin Rebound Weak Despite ETF Buzz — Market Awaits Macro Trigger
$Bitcoin’s recent rebound has been muted. After dipping to around $85,970, BTC bounced only 4% before stalling near $89,380, despite positive ETF news and short-term technical support.
The main reason is macro pressure. With the Federal Reserve expected to keep rates unchanged, rate-cut optimism is almost zero. Tight liquidity is limiting upside momentum, even as technical indicators briefly turned bullish.
On-chain data shows whales are quietly accumulating. Large wallets added roughly 18,000 BTC (worth ~$1.6B), signaling long-term confidence. However, a strong sell wall between $90,160–$90,590 is capping price moves for now.
Key Levels to Watch:
Resistance: $89,380 → $90,830 (break needed for upside)
Support: $84,400 (strong cost-basis support)
Until BTC clears $90,830 or macro conditions improve, price action is likely to remain range-bound.
This is not financial advice. For educational purposes only. #FedWatch #VIRBNB #TokenizedSilverSurge #BTC #Write2Earn $BTC
