Bitcoin just passed the first part of its macro stress test — but the harder part may come next.
The Fed raised rates by 25bp to 3.75%–4.00% and signaled that further tightening may still be needed.
The immediate cross-asset reaction matters: the U.S. dollar climbed to a seven-week high, short-term Treasury yields moved higher, and markets sharply repriced the probability of another rate hike before year-end.
Yet $BTC is still holding around the $76K area rather than extending the selloff.
That resilience is worth watching, but I wouldn't confuse it with confirmation.
The next question is whether Bitcoin can continue absorbing a stronger dollar and tighter financial conditions once the initial post-Fed reaction settles. If $BTC starts reclaiming lost levels while the dollar remains firm, that would be a more interesting signal of underlying demand.
For now, I'm watching relative strength rather than trying to predict the next candle.
Which signal would matter more to you here: $BTC reclaiming $78K, or the dollar and Treasury yields beginning to cool?
#Bitcoin #Macro
The Fed raised rates by 25bp to 3.75%–4.00% and signaled that further tightening may still be needed.
The immediate cross-asset reaction matters: the U.S. dollar climbed to a seven-week high, short-term Treasury yields moved higher, and markets sharply repriced the probability of another rate hike before year-end.
Yet $BTC is still holding around the $76K area rather than extending the selloff.
That resilience is worth watching, but I wouldn't confuse it with confirmation.
The next question is whether Bitcoin can continue absorbing a stronger dollar and tighter financial conditions once the initial post-Fed reaction settles. If $BTC starts reclaiming lost levels while the dollar remains firm, that would be a more interesting signal of underlying demand.
For now, I'm watching relative strength rather than trying to predict the next candle.
Which signal would matter more to you here: $BTC reclaiming $78K, or the dollar and Treasury yields beginning to cool?
#Bitcoin #Macro