Garrett Jin: Bitcoin Holds Key Support Amid Macro Pressures, Bullish Outlook Remains for Year-End
Garrett Jin, a market analyst, stated that Bitcoin successfully maintained its critical support level at $76,600 despite tightening macro conditions, including rising Brent crude prices and U.S. 10-year Treasury yields. While the $80,000 to $82,500 range serves as a major resistance zone, the $75,000 to $80,000 range has established a solid support base. Although U.S. spot ETFs saw a net outflow of $237 million on Tuesday, the outlook remains constructive. A daily close below $76,600, combined with weakening ETF flows and Coinbase premiums, would serve as a
Not investment advice.