$BTC #FedNews
🏦 2. The Fed becomes the main risk
Fed officials are currently giving a more restrictive message: if inflation stays high, a rate hike in September is now more widely anticipated by the market. �
Reuters +1
This is generally negative for risky assets, including Bitcoin and altcoins.
🛢️ 3. Oil adds pressure
Tensions in the Middle East have pushed oil up sharply, reigniting inflation concerns. U.S. bond yields have also risen. �
Reuters +1
Why it matters for you:
oil ↑ → inflation ↑ → potentially more restrictive Fed → liquidity ↓ → possible pressure on BTC/ETH.
That’s a macroeconomic chain to keep in mind.
₿ 4. Bitcoin is still solid for the month
Despite the current pullback, BTC still holds a significant positive monthly performance: about +21.7% over a month, based on data available this morning. �
The Economic Times
So be careful not to mix things up:
short-term correction ≠ necessarily a major bearish reversal.
After a strong run-up, a consolidation phase or retest is normal.
💰 5. Bitcoin ETFs remain a positive factor
U.S. spot Bitcoin ETFs recorded about $217 million in net inflows on Monday, after a previous outflow.
🎯 My technical take for today
BTC: neutral bias → slightly bearish in the short term
Areas to watch:
🔴 $80,000 → major resistance
🟠 $79,000–$80,000 → rejection zone to monitor
🟢 $77,000 → first important support
🟢 $76,000 → next zone if $77k breaks
📌 Scenario 1 — Bullish
BTC reclaims $79–80k, breaks through the resistance cleanly, and confirms it with a retest.
➡️ Then we could look for bullish continuation.
📌 Scenario 2 — Bearish
BTC breaks $77k, then confirms below this level.
➡️ Risk of continuation toward lower supports.
📌 Scenario 3 — Range
BTC stays between $77k and $80k.
🏦 2. The Fed becomes the main risk
Fed officials are currently giving a more restrictive message: if inflation stays high, a rate hike in September is now more widely anticipated by the market. �
Reuters +1
This is generally negative for risky assets, including Bitcoin and altcoins.
🛢️ 3. Oil adds pressure
Tensions in the Middle East have pushed oil up sharply, reigniting inflation concerns. U.S. bond yields have also risen. �
Reuters +1
Why it matters for you:
oil ↑ → inflation ↑ → potentially more restrictive Fed → liquidity ↓ → possible pressure on BTC/ETH.
That’s a macroeconomic chain to keep in mind.
₿ 4. Bitcoin is still solid for the month
Despite the current pullback, BTC still holds a significant positive monthly performance: about +21.7% over a month, based on data available this morning. �
The Economic Times
So be careful not to mix things up:
short-term correction ≠ necessarily a major bearish reversal.
After a strong run-up, a consolidation phase or retest is normal.
💰 5. Bitcoin ETFs remain a positive factor
U.S. spot Bitcoin ETFs recorded about $217 million in net inflows on Monday, after a previous outflow.
🎯 My technical take for today
BTC: neutral bias → slightly bearish in the short term
Areas to watch:
🔴 $80,000 → major resistance
🟠 $79,000–$80,000 → rejection zone to monitor
🟢 $77,000 → first important support
🟢 $76,000 → next zone if $77k breaks
📌 Scenario 1 — Bullish
BTC reclaims $79–80k, breaks through the resistance cleanly, and confirms it with a retest.
➡️ Then we could look for bullish continuation.
📌 Scenario 2 — Bearish
BTC breaks $77k, then confirms below this level.
➡️ Risk of continuation toward lower supports.
📌 Scenario 3 — Range
BTC stays between $77k and $80k.