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Trader's Digest – May 18
BTC cools off to $77K–$78.5K : After failing to break $82K multiple times, Bitcoin’s pulling back. Macro headwinds are in play – rate jitters, Iran tensions, Trump headlines – plus some sell-the-news after the CLARITY Act.
Support is holding at $76K–$78K, with resistance at $80K–$82K. Leverage is still getting flushed out.
CLARITY Act moves forward, but hype faded : The crypto market structure bill passed Senate Banking 15-9 and now heads to the full Senate. Initial pop didn’t stick as risk-off sentiment hit stocks, bonds, and crypto alike.
If it keeps progressing, long-term regulatory clarity is a real tailwind.
#DailyOrbit
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