It’s not just the crypto world having issues on its own.
Interest rates started moving first.

The US 10-year Treasury is roughly at 5.04%.
The US dollar index touched 101.
The PMI is a bit hot.
Yields ticked up.
Risk assets are struggling to breathe at the same time.

Even $BTC wasn’t an exception.
Spot is about 84105.
In a day, it dropped nearly three percent.

My take:
This pullback has a macro flavor.
Don’t just stare at the K-line candles of yin and yang.
When rates are pressing down,
chasing is what gets you.

The higher-probability setups will get worse.

#Market #BTC