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$BTC couldn’t stay above $65,000 and now the pressure is to the downside. At this point the whole short-term direction is tied to the Clarity Act. The problem is, it’s not looking likely. The Senate has shifted focus to other priorities, and with only 11 days left before recess the window is closing fast. In my view, unless something completely unexpected happens, the Clarity Act isn’t passing this round. If that’s the case, don’t be surprised if $BTC sets a new low sooner than most people think. The timeline just got a lot tighter and the market is pricing that in.