What really matters for BTC isn’t whether it goes up or down, but how capital moves after the Fed meeting minutes are released.
Yesterday, BTC briefly approached $87,000 before quickly retreating to around $83,000.
This drop shouldn’t be simply interpreted as “bad news has arrived.”
The three things worth paying more attention to now are:
① The 10-year Treasury yield remains elevated
② The U.S. Dollar Index is strengthening
③ BTC is facing clear resistance again around $86,500–$87,000
If the minutes are hawkish:
The dollar and Treasury yields could continue rising, and BTC may test the $83,000 area again.
But if the minutes aren’t as hawkish as expected:
BTC could reclaim $86,500–$87,000, potentially setting up a “bullish reversal after the bad news is priced in.”
So tonight, I won’t guess which way prices will go.
What I’d rather watch is:
Price + OI + Delta—which side is taking the initiative?
The real direction often isn’t revealed by the news, but by the flow of capital.
#BTC #Bitcoin #FederalReserve #FOMC $BTC
Yesterday, BTC briefly approached $87,000 before quickly retreating to around $83,000.
This drop shouldn’t be simply interpreted as “bad news has arrived.”
The three things worth paying more attention to now are:
① The 10-year Treasury yield remains elevated
② The U.S. Dollar Index is strengthening
③ BTC is facing clear resistance again around $86,500–$87,000
If the minutes are hawkish:
The dollar and Treasury yields could continue rising, and BTC may test the $83,000 area again.
But if the minutes aren’t as hawkish as expected:
BTC could reclaim $86,500–$87,000, potentially setting up a “bullish reversal after the bad news is priced in.”
So tonight, I won’t guess which way prices will go.
What I’d rather watch is:
Price + OI + Delta—which side is taking the initiative?
The real direction often isn’t revealed by the news, but by the flow of capital.
#BTC #Bitcoin #FederalReserve #FOMC $BTC