🎢 $BTC : slides down and up — what happened yesterday
📉 On Thursday, a hot PPI was released — producer price growth of 0.4% month-over-month. Government bond yields jumped, spot BTC ETFs saw outflows for the third session in a row (~$282 million, the worst since July). Bitcoin broke above $77,000 and by Friday morning sank to around $76,000–76,300.
⚡ On Friday at 15:30 Kyiv time, CPI came out — in line with expectations. Fear of a sudden tightening by the Fed eased, and BTC sharply reversed, surging to $79,837 within a couple of hours. That down-then-up move created the very same candle with long wicks on both sides — a battle between bulls and bears driven by macro news, not crypto-specific factors.
💥 Volatility spilled over into liquidations: over $732 million in one day—of which ~$424 million was shorts on the rebound, and ~$484 million were longs during the drop itself.
🏦 Ahead is the Fed meeting on September 16; rate expectations are split, and Treasury yields are at multi-year highs. For now, this is a story about Fed policy rather than BTC fundamentals.
🔑 Levels: support at $76,400; resistance at $79,300–$79,800 (where the 50-week moving average is also located).
❓ Which level will we break first—$76K to the downside or $80K to the upside? Comment below 👇
❗️Be careful and stay precise. Always follow risk management rules.
$BTC
📉 On Thursday, a hot PPI was released — producer price growth of 0.4% month-over-month. Government bond yields jumped, spot BTC ETFs saw outflows for the third session in a row (~$282 million, the worst since July). Bitcoin broke above $77,000 and by Friday morning sank to around $76,000–76,300.
⚡ On Friday at 15:30 Kyiv time, CPI came out — in line with expectations. Fear of a sudden tightening by the Fed eased, and BTC sharply reversed, surging to $79,837 within a couple of hours. That down-then-up move created the very same candle with long wicks on both sides — a battle between bulls and bears driven by macro news, not crypto-specific factors.
💥 Volatility spilled over into liquidations: over $732 million in one day—of which ~$424 million was shorts on the rebound, and ~$484 million were longs during the drop itself.
🏦 Ahead is the Fed meeting on September 16; rate expectations are split, and Treasury yields are at multi-year highs. For now, this is a story about Fed policy rather than BTC fundamentals.
🔑 Levels: support at $76,400; resistance at $79,300–$79,800 (where the 50-week moving average is also located).
❓ Which level will we break first—$76K to the downside or $80K to the upside? Comment below 👇
❗️Be careful and stay precise. Always follow risk management rules.
$BTC
