US stocks rebound, oil prices and US bond yields fall back, yet BTC still hovers around $76,000; the Coinbase premium has dropped to about -0.07%, a one-month low, indicating that US spot demand is still insufficient.
My directional view is to short. This isn’t simply a bet on the Fed being hawkish. It’s because external pressures have already eased, but BTC still can’t move higher. If, after the rate decision, it still fails to effectively pull back the $76,000–$77,100 range, the rally is more likely to be only short-covering, and high-volatility assets such as ETH, SOL, UNI, and LINK may continue to magnify downside moves.
When good news can’t push prices up, don’t rush to treat the rebound as a reversal.
$BTC $ETH $UNI
My directional view is to short. This isn’t simply a bet on the Fed being hawkish. It’s because external pressures have already eased, but BTC still can’t move higher. If, after the rate decision, it still fails to effectively pull back the $76,000–$77,100 range, the rally is more likely to be only short-covering, and high-volatility assets such as ETH, SOL, UNI, and LINK may continue to magnify downside moves.
When good news can’t push prices up, don’t rush to treat the rebound as a reversal.
$BTC $ETH $UNI