đ MACRO NEWS IMPACT
There are two opposing forces right now..
đą Positive
Bitcoin has reclaimed $64K, while ETF demand showed signs of returning after a difficult period. One recent report cited roughly $137M of ETF inflows on Monday after approximately $390M of net outflows during the prior week..
đŽ Negative
Geopolitical tension involving the U.S. and Iran is pushing oil and Treasury yields higher. The 30-year U.S. Treasury yield recently reached its highest level since 2007, while the 10-year approached 4.75%. Higher yields can pressure risk assets, including crypto..
The market is also watching upcoming Fed communication, including the meeting minutes and Jackson Hole developments..
Macro conclusion:
BTC is recovering despite a difficult macro backdrop..
That's a positive relative-strength signalâbut it also means geopolitical headlines can suddenly invalidate a technical setup.
There are two opposing forces right now..
đą Positive
Bitcoin has reclaimed $64K, while ETF demand showed signs of returning after a difficult period. One recent report cited roughly $137M of ETF inflows on Monday after approximately $390M of net outflows during the prior week..
đŽ Negative
Geopolitical tension involving the U.S. and Iran is pushing oil and Treasury yields higher. The 30-year U.S. Treasury yield recently reached its highest level since 2007, while the 10-year approached 4.75%. Higher yields can pressure risk assets, including crypto..
The market is also watching upcoming Fed communication, including the meeting minutes and Jackson Hole developments..
Macro conclusion:
BTC is recovering despite a difficult macro backdrop..
That's a positive relative-strength signalâbut it also means geopolitical headlines can suddenly invalidate a technical setup.