9.30 Morning News Update｜📝
BTC around 83,600; Tuesday low 82,800; ETH 2,680. The rally from that 80,000+ move has basically been given back; for now, it’s ranging around 83,000.
Macro: Williams said another rate hike could be in the cards later this year, but it’s not urgent. U.S.-Iran talks are at a stalemate. The U.S. plans to release 40 million barrels of SPR to pressure oil prices. Gold plunged nearly 4% on Monday. The 10-year Treasury yield spiked to 5.27%, then pulled back on Tuesday following the remarks.
Tonight 20:30 PCE: If the data is hot, rate-hike expectations strengthen; if it cools, the market may have a chance to break and hold above 84,000. There’s no substantive agreement between the U.S. and Iran yet, so the geopolitical premium remains.
ETFs continue to see net inflows, but interest rates are weighing on the price action. 83,000 is a key support; if it breaks, watch for 81,000. Don’t go heavy on positions until after the PCE prints.
BTC around 83,600; Tuesday low 82,800; ETH 2,680. The rally from that 80,000+ move has basically been given back; for now, it’s ranging around 83,000.
Macro: Williams said another rate hike could be in the cards later this year, but it’s not urgent. U.S.-Iran talks are at a stalemate. The U.S. plans to release 40 million barrels of SPR to pressure oil prices. Gold plunged nearly 4% on Monday. The 10-year Treasury yield spiked to 5.27%, then pulled back on Tuesday following the remarks.
Tonight 20:30 PCE: If the data is hot, rate-hike expectations strengthen; if it cools, the market may have a chance to break and hold above 84,000. There’s no substantive agreement between the U.S. and Iran yet, so the geopolitical premium remains.
ETFs continue to see net inflows, but interest rates are weighing on the price action. 83,000 is a key support; if it breaks, watch for 81,000. Don’t go heavy on positions until after the PCE prints.