Will it rise to 8% next? Why mortgage rates are surging and could stay elevated for a long time.

Interest rates are the denominator for all assets, including BTC.
Until the direction becomes clear, the market is trading on speculation.

Crypto reacts half a beat faster than traditional assets to news like this, and is more prone to overshooting.

Back to the charts.

BTC at 83,932, up 1.11% over 24 hours, with an intraday range of 82,805 to 84,199.

The 7-day close has moved from 81,754 to 83,932, putting it 57% of the way through the range.

7-day volume is 60 million, nowhere near the peak of 1.78 billion.

The Fear & Greed Index is at 69: Greed.

Funding rate: 0.0002%.

I'm not sure here; either scenario could play out.

The news can draw people in, but you'll have to make up your own mind. I wouldn't add to my position at this level because of a single news item.

Volume has fallen to 3% of its peak. At this level, even the most bullish news can't sustain a decent rally.

At this level, I'm choosing to wait and sit tight.

$BTC $SOL #加密货币分析 #币安广场 #看涨 #HotTopicAnalysis