$BTC rejected the 79.4K range high as inflation concerns flare up — classic setup unfolding.
The Fed's inflation talk sent the 2Y/10Y treasury yields and DXY spiking. Risk assets feel the squeeze. Question: did we print another bearish range deviation like we mapped out?
Price respects levels regardless of the noise. That's the edge.
76.3K could hold as support for a bounce back to range high. But if this is another deviation, shorts make sense given where we are in the range.
If this retracement deepens, first target is 72.8K mid-range retest.
Next week will clarify the move. No positions over the weekend — let structure confirm before committing capital. Patience funds the long game.
The Fed's inflation talk sent the 2Y/10Y treasury yields and DXY spiking. Risk assets feel the squeeze. Question: did we print another bearish range deviation like we mapped out?
Price respects levels regardless of the noise. That's the edge.
76.3K could hold as support for a bounce back to range high. But if this is another deviation, shorts make sense given where we are in the range.
If this retracement deepens, first target is 72.8K mid-range retest.
Next week will clarify the move. No positions over the weekend — let structure confirm before committing capital. Patience funds the long game.
