Bond sell-offs may mean fewer rate hikes from central banks around the world.
Interest rates are the denominator for all assets, including BTC.
The signal this time is that there will be one more hike. Expectations changed, but rates themselves didn’t move. The market trades on expectations first.
Rate hikes are unfavorable for crypto. When the wind is at its back, it surges quickly; when valuations are being crushed, it’s near the front of the pack too.
Back to the charts.
BTC at 83,665, up 0.89% over 24 hours, with an intraday range of 82,805 to 84,199.
The seven-day close has moved from 81,754 to 83,665, now sitting at the 50% level of the range.
Seven-day volume is 140 million, far below the peak of 1.78 billion.
The Fear and Greed Index is 69: Greed.
Funding rate: -0.0002%.
I’m not sure what to make of this; either scenario seems plausible.
The news can draw people in, but you still have to make your own call. I wouldn’t add to my position here just because of one headline.
Volume has shrunk to 8% of its peak. At this level, even the biggest positive news can’t sustain a decent rally.
At this level, I’m choosing to wait and do nothing.
$BTC $DOGE #加密货币分析 #币安广场 #看涨 #Hot Topic Analysis
Interest rates are the denominator for all assets, including BTC.
The signal this time is that there will be one more hike. Expectations changed, but rates themselves didn’t move. The market trades on expectations first.
Rate hikes are unfavorable for crypto. When the wind is at its back, it surges quickly; when valuations are being crushed, it’s near the front of the pack too.
Back to the charts.
BTC at 83,665, up 0.89% over 24 hours, with an intraday range of 82,805 to 84,199.
The seven-day close has moved from 81,754 to 83,665, now sitting at the 50% level of the range.
Seven-day volume is 140 million, far below the peak of 1.78 billion.
The Fear and Greed Index is 69: Greed.
Funding rate: -0.0002%.
I’m not sure what to make of this; either scenario seems plausible.
The news can draw people in, but you still have to make your own call. I wouldn’t add to my position here just because of one headline.
Volume has shrunk to 8% of its peak. At this level, even the biggest positive news can’t sustain a decent rally.
At this level, I’m choosing to wait and do nothing.
$BTC $DOGE #加密货币分析 #币安广场 #看涨 #Hot Topic Analysis