BTC "Crypto Clarity Act" Fails, Bitcoin $75,800 Tug-of-War Begins
On the macro front, last night the U.S. Senate failed to advance the "Crypto Clarity Act" with a 50:49 vote, falling short of the 60-vote threshold, meaning a comprehensive regulatory framework in 2026 is basically off the table. After the news broke, the crypto market liquidated over $300 million within 20 minutes, and Bitcoin briefly dipped to $74,965. Meanwhile, the probability of a 25 basis point rate hike at the Fed's September FOMC is as high as 87%-92%, with core CPI holding steady at a high 2.4%, and macro tightening pressure continues to suppress risk assets.
On the chart, BTC shows clear support resilience around 75,800, a key defense level verified multiple times previously. It has slightly rebounded from the low to above 75,800, representing a "dent rather than a break." However, the rebound is weak, with short-term resistance in the 77,000-77,600 range. Coupled with the approaching FOMC decision and low trading volume, both bulls and bears are waiting for direction.
Strategically, light long positions can be taken in the 75,800-75,300 range with stop loss below 75,000; if the FOMC signals a more hawkish stance than expected and breaks below 75,000, then watch for deeper retracement support at 72,000-71,000.
In altcoins, ZEC has shown independent strength, holding the 1,040 low and steadily rising above 1,150, relatively resistant amid the broad decline, worth keeping an eye on.
Remember: Until macro uncertainty is resolved, position sizing is the lifeline.