So weak—Bitcoin is getting very close to the critical threshold for a major pullback!!!
Gold plunged 4%, U.S. Treasury yields surged above 5.27%, so what should we focus on next for BTC?
1. Yesterday’s U.S. Treasury yields jumped significantly
The yield on the U.S. 10-year Treasury has already risen to about 5.27%, the highest level since 2007; the 2-year yield is also approaching 5%. At the same time, the Fed is still considering further rate hikes
This means:
Treasury yields ↑
Demand for dollar-denominated assets ↑
Overvalued, high-volatility assets under pressure 📉
Bitcoin will naturally start to come under pressure and fall 📉
The 85,200 resistance level is the key pressure point the Chief has publicly given to everyone. It’s already in profit by more than 2,600 points—so you can first take half of the profits off the table 💰
2. If you follow gold, you know gold dropped 4%—that is the best proof of this round of rising Treasury yields and rate hikes. So going forward, you can still look for opportunities to short gold on rallies, at 4280–4350–4420.
These levels, using 2x leverage to hold long-term and aim to capture a ~200-point pullback, should definitely be fine.
3. Crude oil is back above around $100
Brent crude is currently around $106.
The most troublesome part of a rise in oil prices isn’t how much oil itself is rising—it’s that it may push inflation back up.
If:
Oil prices rise → inflation pressure increases → the Fed’s ability to cut rates shrinks → rates stay high or even rise further
Then for BTC, the Nasdaq, and other high-volatility assets, it will all create pressure.
That’s why many people can see BTC has been weak for the long term during this period. The Chief guided everyone to place a short order around 2,740 back then for ETH; the highest point short is already up more than 100 points—took profit and exited.
On BTC, we simultaneously positioned short orders on the rebound around 85,200. Many friends have already profited.
After taking profit on half, everyone can continue to hold for a bit longer.
Gold plunged 4%, U.S. Treasury yields surged above 5.27%, so what should we focus on next for BTC?
1. Yesterday’s U.S. Treasury yields jumped significantly
The yield on the U.S. 10-year Treasury has already risen to about 5.27%, the highest level since 2007; the 2-year yield is also approaching 5%. At the same time, the Fed is still considering further rate hikes
This means:
Treasury yields ↑
Demand for dollar-denominated assets ↑
Overvalued, high-volatility assets under pressure 📉
Bitcoin will naturally start to come under pressure and fall 📉
The 85,200 resistance level is the key pressure point the Chief has publicly given to everyone. It’s already in profit by more than 2,600 points—so you can first take half of the profits off the table 💰
2. If you follow gold, you know gold dropped 4%—that is the best proof of this round of rising Treasury yields and rate hikes. So going forward, you can still look for opportunities to short gold on rallies, at 4280–4350–4420.
These levels, using 2x leverage to hold long-term and aim to capture a ~200-point pullback, should definitely be fine.
3. Crude oil is back above around $100
Brent crude is currently around $106.
The most troublesome part of a rise in oil prices isn’t how much oil itself is rising—it’s that it may push inflation back up.
If:
Oil prices rise → inflation pressure increases → the Fed’s ability to cut rates shrinks → rates stay high or even rise further
Then for BTC, the Nasdaq, and other high-volatility assets, it will all create pressure.
That’s why many people can see BTC has been weak for the long term during this period. The Chief guided everyone to place a short order around 2,740 back then for ETH; the highest point short is already up more than 100 points—took profit and exited.
On BTC, we simultaneously positioned short orders on the rebound around 85,200. Many friends have already profited.
After taking profit on half, everyone can continue to hold for a bit longer.
