Bitcoin is back near $83,000.
A lot of people are focused only on the charts, while overlooking what’s really happened over the past couple of days.
The U.S. Dollar Index is now near 102, close to an 18-month high.
The 10-year U.S. Treasury yield briefly topped 5.3%.
Brent crude has broken above $101 again.
The Fed’s latest meeting minutes still show concerns about inflation.
Put these figures together, and you’ll understand why Bitcoin has been struggling lately.
Rising oil prices could add to inflationary pressure.
If inflation remains stubborn, it will be harder for the Fed to ease monetary policy.
As Treasury yields rise, the opportunity cost of holding risk assets also increases.
Of course, this doesn’t mean Bitcoin will definitely fall when the dollar rises.
It tells us this:
You can’t trade by looking at Bitcoin alone.
Right now, I mainly watch three things every day:
Is the U.S. Dollar Index continuing to strengthen?
Are 10-year Treasury yields pulling back?
Are spot ETF funds continuing to flow in?
Improvement in all three signals matters more than simply seeing a single green candle.
I don’t predict whether Bitcoin will head up or down tomorrow.
I just study when it’s worth taking on risk and when I should protect my capital.
After all, my ultimate goal isn’t to earn more dollars.
It’s to have more and more BTC.
See you on the livestream—don’t miss it! #比特币
A lot of people are focused only on the charts, while overlooking what’s really happened over the past couple of days.
The U.S. Dollar Index is now near 102, close to an 18-month high.
The 10-year U.S. Treasury yield briefly topped 5.3%.
Brent crude has broken above $101 again.
The Fed’s latest meeting minutes still show concerns about inflation.
Put these figures together, and you’ll understand why Bitcoin has been struggling lately.
Rising oil prices could add to inflationary pressure.
If inflation remains stubborn, it will be harder for the Fed to ease monetary policy.
As Treasury yields rise, the opportunity cost of holding risk assets also increases.
Of course, this doesn’t mean Bitcoin will definitely fall when the dollar rises.
It tells us this:
You can’t trade by looking at Bitcoin alone.
Right now, I mainly watch three things every day:
Is the U.S. Dollar Index continuing to strengthen?
Are 10-year Treasury yields pulling back?
Are spot ETF funds continuing to flow in?
Improvement in all three signals matters more than simply seeing a single green candle.
I don’t predict whether Bitcoin will head up or down tomorrow.
I just study when it’s worth taking on risk and when I should protect my capital.
After all, my ultimate goal isn’t to earn more dollars.
It’s to have more and more BTC.
See you on the livestream—don’t miss it! #比特币