๐ฅ ๐ฅTomorrow is a BIG day for Crypto! ๐ฅ๐ฅ
The Crypto CLARITY Act procedural vote is set for tomorrow. ๐๏ธ
๐ If the vote passes: $BTC surge toward the $81K area.
๐ If the vote fails + the Fed raises interest rates on September 16: That would strengthen the bearish narrative and could send $BTC into a deeper pullback toward the $70Kโ$75K area.
Bitcoin failed to break above the weekly lower high and has now broken the higher low of the local uptrend.
This suggests a potential pullback/retracement could be developing ๐
However, the next move could be heavily influenced by the MAJOR news coming next week:
๐๏ธ September 15 โ Crypto CLARITY Act procedural vote ๐ฆ September 16 โ FOMC meeting + interest-rate decision
If the CLARITY Act vote fails and the FOMC delivers a rate hike or maintains a hawkish stance, that would strongly support the bearish/pullback narrative.
In that scenario, a deeper dip toward the $70Kโ$75K range becomes solid. ๐๐