Long-dated U.S. Treasury yields plunge as risk assets move ahead
U.S. September PPI and retail sales data are out, and Treasury yields have fallen across the board. The 20-year yield dropped 14.6 basis points to 5.434%, the 30-year yield fell 14.1 basis points, and the 10-year yield declined 13.6 basis points.
Long-term yields fell more than short-term ones, suggesting traders are betting that rates at the long end have peaked. Expectations for liquidity in risk assets are easing along with them. BTC has a short-term bullish bias; the key is whether a breakout above the previous high comes with volume. A volume-less surge is prone to being a false breakout and shakeout. As long as a pullback holds support, it remains a spot for bulls to add to their positions. ETH and SOL have greater upside potential and generally rise more than BTC, but they need BTC to lead the move first.
At these levels, are you placing orders to go long, or waiting for a confirmed pullback before entering?
$BTC $ETH $SOL
U.S. September PPI and retail sales data are out, and Treasury yields have fallen across the board. The 20-year yield dropped 14.6 basis points to 5.434%, the 30-year yield fell 14.1 basis points, and the 10-year yield declined 13.6 basis points.
Long-term yields fell more than short-term ones, suggesting traders are betting that rates at the long end have peaked. Expectations for liquidity in risk assets are easing along with them. BTC has a short-term bullish bias; the key is whether a breakout above the previous high comes with volume. A volume-less surge is prone to being a false breakout and shakeout. As long as a pullback holds support, it remains a spot for bulls to add to their positions. ETH and SOL have greater upside potential and generally rise more than BTC, but they need BTC to lead the move first.
At these levels, are you placing orders to go long, or waiting for a confirmed pullback before entering?
$BTC $ETH $SOL