U.S. Treasury Secretary Bessent revealed that, excluding semiconductors, the trade deficit was cut in half to 1.6%, its lowest level in nearly 30 years.
A narrowing trade deficit is usually good for the dollar. Treasury yields are taking off, and expectations for rate cuts will have to wait a little longer. BTC is clearly under short-term pressure, so keeping an eye on yields is the safer bet.
$BTC #宏观 #FederalReserve
A narrowing trade deficit is usually good for the dollar. Treasury yields are taking off, and expectations for rate cuts will have to wait a little longer. BTC is clearly under short-term pressure, so keeping an eye on yields is the safer bet.
$BTC #宏观 #FederalReserve
