#BTC# /
#USDT# 1D
The rejection at $123K (PMH) perfectly coincides with massive outflows of spot Bitcoin ETFs in the United States 🔴
The data doesn't lie 👇
📈 EARLY JULY:
> Inflows of $600-750M
> Break towards new ATH
> Bullish market structure intact
📉 JULIO TARDÍO - AGOSTO:
> Outflows of ~$600M
> Technical rejection confirmed
> Correction of 9.10% from highs
This means that the drop we have experienced may not be a simple temporary correction and we should be alert.
🎯 KEY LEVELS TO WATCH:
> Resistances:
$123,218 (PMH) - rejected ❌
$115,764 (MO) - critical equilibrium zone
> Supports:
$