[Renowned Trader: Bitcoin Absorbs Rate Hikes and 'CLARITY Act' Setback, Market Trend May Have Shifted] BlockBeats News, September 20 – Renowned trader Killa stated that the 'Everything is Priced In' chart documents the major catalytic events in each Bitcoin cycle and the price performance following these events. He believes that during bear markets, negative news typically drives BTC further downward, causing traders to gradually develop a habit of 'shorting on bad news.' However, when the high-timeframe trend shifts, the same news may only trigger short-term panic, after which Bitcoin absorbs the selling pressure and continues to rise. Recently, the market has experienced events such as the Federal Reserve's rate hikes, expectations surrounding the 'CLARITY Act' vote, and the failure of the act to advance. At one point, the market viewed these events as reasons for Bitcoin to decline further. However, BTC only briefly broke below the lower range before quickly rebounding, demonstrating strong resilience. Even as narratives surrounding a 'Third World War' gained traction, Bitcoin began to show relatively positive price reactions to fear-inducing factors. Killa believes this behavior highlights a key difference between bull and bear markets: in bear markets, negative news drives prices lower, while in bull markets, negative news may lead traders to capitulate, followed by price increases. Killa noted that in the previous cycle, the approval of a spot Bitcoin ETF was a critical catalyst confirming the continuation of the trend. In this cycle, a similar catalyst could be the 'CLARITY Act.' Bitcoin's recent ability to absorb multiple negative events is a key basis for his judgment that the trend has already shifted. [Original Link]