$BTC at $77,600, would you buy?

BlackRock bought another 6,600 BTC this week, IBIT attracted $1.4 billion in weekly inflows, ETF has had 8 consecutive days of net inflows, with total net inflows approaching $58 billion— but what about the price? It has fallen from the $126K high for nearly a year now, still hovering around $78K, up 0.63% since last week, and up 8.82% from last month.

First, look at the surface: bullish signals piling up, but the price remains as steady as a rock.

In the past 24 hours, BTC price fluctuated -0.2%, as if it didn’t move at all. But take a good look at the candlestick chart— it has climbed from the bottom to a 11-week high, with a bullish engulfing pattern on the monthly chart, a typical “mid-term bottom rebound.” The question everyone is asking: can it break through $80K?

First thing: ETFs are aggressively accumulating, institutions are treating it as “digital government bonds.”

BlackRock bought 6,600 BTC this week, no joke. Metaplanet issued bonds to buy more coins, reaching a total holding of 40,177 BTC. ARK’s report is even more intense—“steadfast buyers” increased holdings by 69%, reaching 3.6 million BTC, marking the fastest accumulation rate since 2020.

Second thing: BTC has decoupled from macro trends; it’s no longer just following Nasdaq.

The days of rising when interest rates fall and falling when rates rise are gone. Now, what drives BTC are ETF inflows, institutional allocations, and supply-demand imbalances.

Third thing: risk is always for those unprepared.

Large holders have transferred over 10k BTC to unknown wallets— is this a washout or a dump? Nobody knows. Short positions are heavily accumulated around $79,500 to $80k. If prices surge, it will be a “short squeeze,” market makers will push the price higher; if it can’t break through, it will retrace to $75K for a shakeout.

On one side, institutions are aggressively accumulating, supply is shrinking, ETF inflows continue.

On the other side, whales are moving, FOMO sentiment is rising, macro uncertainties persist.

The key level is $78k— the last line of defense for bulls and bears.

If you’re a short-term trader: when $78K breaks with volume, go long with a small position, stop-loss at $76,800, target first at $80K, and take half profits when reached.

If you’re a long-term investor: add in batches at $10k-$3.6M, stop-loss at $74,800. Add more if it dips to $75K, hold through $80K without selling, and consider taking profits at $85K-$90K.

Tell me, do you think $80K can break this month? #加密市场行情震荡 $BTC