📉 WARSH SPOKE. THE BULLS DIDN’T GET WHAT THEY WANTED.
The event the whole market waited a week for is done — and Bitcoin gave back gains, sliding to ~$77,600 (-3.4%). Here’s what actually happened 👇
Traders wanted a dove. Warsh gave them discipline. 🦅
🔹 “Inflation is still above our 2% target — we have work to do.”
🔹 His closing line: “committed to a discipline, not to a decision.”
🔹 Translation: no promised rate cuts, everything stays data-dependent.
The rally from $64K → $80K was built partly on hopes of Fed–Treasury coordination to cap long-term yields. Warsh’s defense of Fed discipline pushed yields and the dollar UP — exactly the opposite of what BTC and gold wanted.
Sound familiar? In 2022, Powell’s hawkish Jackson Hole speech dropped BTC ~10%. History doesn’t repeat, but it rhymes.
The good news for the patient: pullbacks after a 25% week are normal, not a trend-breaker. This is where discipline beats emotion.
Buying this dip or waiting for it to settle? 👇
💬 Not financial advice — DYOR.
#Bitcoin #BTC #JacksonHole #Fed #Binance
The event the whole market waited a week for is done — and Bitcoin gave back gains, sliding to ~$77,600 (-3.4%). Here’s what actually happened 👇
Traders wanted a dove. Warsh gave them discipline. 🦅
🔹 “Inflation is still above our 2% target — we have work to do.”
🔹 His closing line: “committed to a discipline, not to a decision.”
🔹 Translation: no promised rate cuts, everything stays data-dependent.
The rally from $64K → $80K was built partly on hopes of Fed–Treasury coordination to cap long-term yields. Warsh’s defense of Fed discipline pushed yields and the dollar UP — exactly the opposite of what BTC and gold wanted.
Sound familiar? In 2022, Powell’s hawkish Jackson Hole speech dropped BTC ~10%. History doesn’t repeat, but it rhymes.
The good news for the patient: pullbacks after a 25% week are normal, not a trend-breaker. This is where discipline beats emotion.
Buying this dip or waiting for it to settle? 👇
💬 Not financial advice — DYOR.
#Bitcoin #BTC #JacksonHole #Fed #Binance