📰 U.S. August PCE inflation came in below expectations. BTC briefly broke above 85,000 USDT, but this bullish momentum didn’t last long—it then gave back the gains.
🔥 The reason is actually very straightforward: inflation is cooling, but U.S. Treasury yields are still staying elevated. The 10-year U.S. Treasury yield remains around 5.28%, close to the prior high. The 30-year yield even climbed to its highest level since 2002.
Honestly, it’s like pressing the accelerator with one foot and the brake with the other. The PCE data led the market to reduce expectations that the Fed will hike again in October, and it also increased the likelihood that December becomes the next policy adjustment point. But high interest rates are still weighing on crypto assets.
💡 This spike-and-retrace shows that one inflation print alone isn’t enough. As long as the 10-year Treasury yield stays near 5.3%, it won’t be easy for BTC to keep holding steady above 85,000 USDT. What will truly matter next is whether yields can continue to fall.
🤔 If inflation keeps cooling but Treasury yields refuse to come down, do you think BTC’s next attempt to break above 85,000 USDT can hold?
#BTC #PCE #美债收益率 #美联储
🔥 The reason is actually very straightforward: inflation is cooling, but U.S. Treasury yields are still staying elevated. The 10-year U.S. Treasury yield remains around 5.28%, close to the prior high. The 30-year yield even climbed to its highest level since 2002.
Honestly, it’s like pressing the accelerator with one foot and the brake with the other. The PCE data led the market to reduce expectations that the Fed will hike again in October, and it also increased the likelihood that December becomes the next policy adjustment point. But high interest rates are still weighing on crypto assets.
💡 This spike-and-retrace shows that one inflation print alone isn’t enough. As long as the 10-year Treasury yield stays near 5.3%, it won’t be easy for BTC to keep holding steady above 85,000 USDT. What will truly matter next is whether yields can continue to fall.
🤔 If inflation keeps cooling but Treasury yields refuse to come down, do you think BTC’s next attempt to break above 85,000 USDT can hold?
#BTC #PCE #美债收益率 #美联储
