Bitcoin bearish divergence confirming as ETF inflows surge

Sep 04, 2026

Bitcoin is flashing a short-term warning sign even as Wall Street money pours in — mildly bad for traders in the next week or two, good for longer-term holders.

  • A bearish signal is starting to confirm on the daily chart, pointing to a cool-off rather than a crash.
  • Buying interest from big investors is strong, with over $730 million flowing into spot Bitcoin ETFs in a single day, most of it through BlackRock.
  • Bitcoin keeps getting turned back at resistance and is still stretched after its recent run higher.
  • Ethereum is holding its breakout and has made its first higher high since the bear market, while Chainlink keeps failing at $12.
  • The longer-term weekly setup still looks like the one that marked the bottom in late 2022.

Outlook: Expect choppy or slightly lower prices over the next few days to two weeks, inside what still looks like a larger uptrend.

## Bitcoin Levels

  • **Bias:** Bullish longer term, cautious/neutral-to-bearish over the next 1–2 weeks
  • **Buy / accumulate:** Dip toward the local lows near $76,000–$76.1K
  • **Support:** $78.1K–$78.3K, then $76.1K (main liquidity pocket)
  • **Resistance:** $80,000–$82,000 immediate; liquidity above at $82.3K–$82.4K
  • **Targets:** $86,000–$88,000 on a confirmed close above $82,000; then $96,000–$98,000
  • **Invalidation:** Daily/3-day closes holding above $82,000 kill the pullback case

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