#BTC Tried to make a quick buck and ended up losing more—the big coin plunged straight through the $81K stop-loss level
Even Machi Big Brother nearly got taken out by that wick, coming within a hair’s breadth of liquidation
The key thing to watch in this BTC pullback isn’t how far it fell, but “why it only fell this much.”
Recently, the 30-year U.S. Treasury yield has approached 5.7%, while the 10-year yield is around 5.3%. Expectations of another rate hike this year are growing, and oil prices and inflationary pressures are rising again. Despite this combination of macro headwinds, BTC has pulled back only about 5% so far.
Whales are defending the $79K level. If it breaks, they’ll exit; as long as this key level holds, they’ll continue holding their defensive positions.
For now, the $79K–$80K range is a dividing line. If it holds, watch for a push toward $87K. If it breaks, exit decisively. As long as the price stays above this range, the market should continue moving higher.
Even Machi Big Brother nearly got taken out by that wick, coming within a hair’s breadth of liquidation
The key thing to watch in this BTC pullback isn’t how far it fell, but “why it only fell this much.”
Recently, the 30-year U.S. Treasury yield has approached 5.7%, while the 10-year yield is around 5.3%. Expectations of another rate hike this year are growing, and oil prices and inflationary pressures are rising again. Despite this combination of macro headwinds, BTC has pulled back only about 5% so far.
Whales are defending the $79K level. If it breaks, they’ll exit; as long as this key level holds, they’ll continue holding their defensive positions.
For now, the $79K–$80K range is a dividing line. If it holds, watch for a push toward $87K. If it breaks, exit decisively. As long as the price stays above this range, the market should continue moving higher.