🔥 BITCOIN IS ENTERING A BIG MACRO TEST
$BTC is sitting around the $84K–$85K zone, and this area could decide the next major move.
The next few days are all about US macro data:
📌 Aug PCE → Sept 30
📌 ISM Manufacturing → Oct 1
📌 Jobs Report → Oct 2
My view: the market could get a mixed signal.
A softer PCE could initially support BTC and push yields lower. But if September ISM shows rising input costs, traders could start pricing a more hawkish Fed path again — potentially creating a sharp reversal.
Technically, $84K–$85K is the key zone to watch.
If BTC reclaims and holds above it with strong spot demand, the next important reference mentioned by Glassnode is around $96.7K.
But if BTC keeps rejecting this area and momentum weakens, $77K becomes an important downside reference.
⚠️ And remember: even a bullish reaction to PCE doesn't guarantee continuation. Jobs data can completely change the narrative.
This week could be less about guessing direction and more about watching price + yields + Fed expectations react to each release.
Volatility incoming. 📊🔥
$龙虾
$QNT
$BTC is sitting around the $84K–$85K zone, and this area could decide the next major move.
The next few days are all about US macro data:
📌 Aug PCE → Sept 30
📌 ISM Manufacturing → Oct 1
📌 Jobs Report → Oct 2
My view: the market could get a mixed signal.
A softer PCE could initially support BTC and push yields lower. But if September ISM shows rising input costs, traders could start pricing a more hawkish Fed path again — potentially creating a sharp reversal.
Technically, $84K–$85K is the key zone to watch.
If BTC reclaims and holds above it with strong spot demand, the next important reference mentioned by Glassnode is around $96.7K.
But if BTC keeps rejecting this area and momentum weakens, $77K becomes an important downside reference.
⚠️ And remember: even a bullish reaction to PCE doesn't guarantee continuation. Jobs data can completely change the narrative.
This week could be less about guessing direction and more about watching price + yields + Fed expectations react to each release.
Volatility incoming. 📊🔥
$龙虾
$QNT
