$BTC The odds of a rate hike in October fell from 54% to 32%, and the 10-year Treasury yield eased back to around 5.08%. I refreshed this data three times—the order I placed last night had already filled by the time I woke up this morning. Price is now 82,297.2, up 1.08% over 24 hours, back above 82,000.
The logic behind this rebound is straightforward: rate hike expectations cooled, Treasury yields eased, and risk assets got some breathing room. My add-on order around 81,800 from last night filled. I’m holding my position for now, with a stop-loss at 80,500; if it breaks below that, I’m out. First, I’m watching 83,800 overhead—the level where the previous rebound was rejected. I’ll consider adding if it breaks through on strong volume.
The market is moving a beat slower than the news. Don’t rush to chase the rally; give it some time.
The logic behind this rebound is straightforward: rate hike expectations cooled, Treasury yields eased, and risk assets got some breathing room. My add-on order around 81,800 from last night filled. I’m holding my position for now, with a stop-loss at 80,500; if it breaks below that, I’m out. First, I’m watching 83,800 overhead—the level where the previous rebound was rejected. I’ll consider adding if it breaks through on strong volume.
The market is moving a beat slower than the news. Don’t rush to chase the rally; give it some time.