$BTC $ETH $BNB
🚨 The US Dollar Index surges above 101, putting pressure on Bitcoin $84,600!
DXY today touched 101 for the first time since July 30, as a stronger dollar is squeezing every US-dollar-denominated asset!
💵 Why is the US dollar so strong?
The Fed will raise rates on September 16 to 3.75%-4.00%. The dot plot suggests there could be one more hike this year. The 2-year US Treasury yield at 4.79% hit a cycle high. The probability of a hike in October is over 53%.
₿ Two major blows to crypto markets:
1. Buying BTC outside the US dollar area is more expensive
2. Real yields rise—holding a non-yielding BTC opportunity cost is higher
BTC failed twice to break through $87,300 and fell back to the long-term holders’ cost range of $83K-$86K.
🔮 101 is a checkpoint, not the top!
Next up: data—initial jobless claims on Thursday, durable goods on Friday, nonfarm payrolls on October 2, and CPI on October 14.
When data is hot = DXY breaks 101, BTC tests the $83K底
When data is cold = crypto, gold, and US stocks rebound together
Plus, on Friday there’s $14 billion in Deribit options set to expire—an extremely pivotal day!
Do you think there will be another rate hike in October? Chat in the comments!
#DXY #美元指数 #BTC #美联储 #加密货币
🚨 The US Dollar Index surges above 101, putting pressure on Bitcoin $84,600!
DXY today touched 101 for the first time since July 30, as a stronger dollar is squeezing every US-dollar-denominated asset!
💵 Why is the US dollar so strong?
The Fed will raise rates on September 16 to 3.75%-4.00%. The dot plot suggests there could be one more hike this year. The 2-year US Treasury yield at 4.79% hit a cycle high. The probability of a hike in October is over 53%.
₿ Two major blows to crypto markets:
1. Buying BTC outside the US dollar area is more expensive
2. Real yields rise—holding a non-yielding BTC opportunity cost is higher
BTC failed twice to break through $87,300 and fell back to the long-term holders’ cost range of $83K-$86K.
🔮 101 is a checkpoint, not the top!
Next up: data—initial jobless claims on Thursday, durable goods on Friday, nonfarm payrolls on October 2, and CPI on October 14.
When data is hot = DXY breaks 101, BTC tests the $83K底
When data is cold = crypto, gold, and US stocks rebound together
Plus, on Friday there’s $14 billion in Deribit options set to expire—an extremely pivotal day!
Do you think there will be another rate hike in October? Chat in the comments!
#DXY #美元指数 #BTC #美联储 #加密货币
