🗣Hello, friends. Bitcoin approached the $87,000 level for the second time, but once again failed to hold above it.
🧙Weak U.S. jobs data has reduced the likelihood of an October rate hike, while 10-year U.S. Treasury yields remain elevated, showing that pressure on risk assets has not completely disappeared.
🧙This week, the FOMC meeting minutes due out on Wednesday, October 7, followed by U.S. CPI data on October 14, will be important for the market’s direction.
🧙Do you think Bitcoin can break through $87,000 this time, or will it first retest support at $85,000? I’d love to hear your thoughts.
#Bitcoin #BTC #Crypto #FOMC $BTC
🧙Weak U.S. jobs data has reduced the likelihood of an October rate hike, while 10-year U.S. Treasury yields remain elevated, showing that pressure on risk assets has not completely disappeared.
🧙This week, the FOMC meeting minutes due out on Wednesday, October 7, followed by U.S. CPI data on October 14, will be important for the market’s direction.
🧙Do you think Bitcoin can break through $87,000 this time, or will it first retest support at $85,000? I’d love to hear your thoughts.
#Bitcoin #BTC #Crypto #FOMC $BTC
