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$BTC — Is Bitcoin turning bearish? A few points are worth watching closely. ⚠️ 1️⃣ Positive macro expectations aren’t producing upside Both CPI and PPI have reduced expectations for further rate hikes, which should normally provide some support for BTC. Yet spot ETFs have posted net outflows for two consecutive days, with Fidelity and ARKB among the major sources of redemptions. Even IBIT, one of the strongest sources of demand, hasn’t been enough to push the market higher. When positive expectations fail to generate a rally, it can be a sign of underlying weakness. 2️⃣ This isn’t really “buy the rumor, sell the news” yet The September Fed decision hasn’t happened. The market is still trading on expectations of no rate hike. If even those expectations can’t support BTC, that suggests the current bullish narrative may already be losing strength. 3️⃣ BTC may be preparing to break out of the range The previous consolidation was supported by expectations around Fed policy. If those expectations are no longer enough to attract buyers, the sideways structure could eventually break. Remember: rallies need buyers and catalysts; declines don’t always need negative news. If capital starts rotating into assets with stronger narratives, BTC can gradually weaken even without a major bearish catalyst. 🎯 Trading Plan I wouldn’t rush to catch the falling knife around $63K. If $BTC reaches around $62K and volume shows strong support, a small long toward $63K could be considered. However, if $62K fails decisively, the next major level I’d watch is around $60K. For now, protect capital and let price confirm the direction. 📉 $BTC #WeakConsumptionFedSplit #SP500EarningsGap