Today Sep 24, $BTC pulled back:
- *Price:* Trading around *$83,500 - $84,300* now, after getting rejected at *$87,000* yesterday. Down ∼2.5% in 24h
- *Why the drop:* US Treasury yields surging to 20-year highs - 10-year at 5.1%+, 20-year near 5.5%. Fed talk turned hawkish - FedWatch now pricing 4 more hikes by June 2027, 70% chance of a hike in October. Strong jobs data and PMI data added pressure.
- *Liquidations:* ∼$280M liquidated in 4 hours on the drop from $87k to $84k
- *Levels to watch:* Support at $80k-$82k, resistance at $86k-$87k. If $82k holds, analysts say uptrend intact. If it breaks, next $75k-$78k
$BTC #news_update
- *Price:* Trading around *$83,500 - $84,300* now, after getting rejected at *$87,000* yesterday. Down ∼2.5% in 24h
- *Why the drop:* US Treasury yields surging to 20-year highs - 10-year at 5.1%+, 20-year near 5.5%. Fed talk turned hawkish - FedWatch now pricing 4 more hikes by June 2027, 70% chance of a hike in October. Strong jobs data and PMI data added pressure.
- *Liquidations:* ∼$280M liquidated in 4 hours on the drop from $87k to $84k
- *Levels to watch:* Support at $80k-$82k, resistance at $86k-$87k. If $82k holds, analysts say uptrend intact. If it breaks, next $75k-$78k
$BTC #news_update