ETF racked up 433 million US dollars, and Bitcoin built a cup pattern above 80,000

According to Woofun AI, Bitcoin (BTC) still relies on ETF capital inflows to secure the $80,000 support level against the backdrop of the “Clarity Act” thwarted and the Federal Reserve's interest rate hike. Polymarket data shows that the probability of enacting this bill has plummeted, but the market did not panic as a result, but instead maintained price resilience in a complex macro environment.

The flow of funds reveals that the institution continues to be optimistic. The current price of BTC is $80,582, down $1,400 from the weekend high of $82,000. According to data compiled by Woofun AI, ETF net inflows on Friday were $433 million, far exceeding Thursday's $133 million. Net inflows from this month to now are US$313 million. Although there has been a slowdown from US$3.52 billion last month, the cumulative net inflow has reached US$55.1 billion, with total net assets of US$102.5 billion. Among them, IBIT (IBIT.US), a subsidiary of BlackRock (BLK.US), led with $63 billion, followed by Fidelity's FBTC (FBTC.US) with $143 billion.

Macro resistance diverged from sentiment indicators. The Federal Reserve raised interest rates by 0.25% to 3.75%-4%, and the US-Iran crisis pushed up energy costs. The average price of diesel hit a new high of $6.50 and could rise to $7, and gasoline to $4.47. However, the Cryptocurrency Fear and Greed Index rose to 71, which is in the greed range, indicating that market sentiment is improving, offsetting some of the negative macroeconomic effects.

The technical side indicates that a breakthrough is imminent. BTC shows a typical cup pattern. Currently, the handle is being sorted out, and at the same time, it is forming a bullish flag trend composed of vertical lines and descending channels. The price has stabilized above the 100-day exponential moving average. If it can effectively break through the key resistance of the May high of $82,135, BTC is expected to hit the $85,000 psychological barrier and verify the continuation of the trend.