đš MACRO ALERT: BITCOIN BOUNCES AS U.S. TREASURY YIELDS COOL! đâĄ
Bitcoin climbed back toward $84,800 as the U.S. 10-Year Treasury yield pulled back sharply to 5.217%, with traders awaiting the key NFP report.
Meanwhile, market expectations for an October Fed rate hike fell from 70% to 30%, giving risk assets some breathing room. đ
đĄ WHAT TRADERS ARE WATCHING:
Lower Treasury yields can ease financial conditions and potentially bring more institutional attention toward crypto as macro uncertainty remains high. đ
đ 2 MACRO-SENSITIVE COINS TO WATCH:
đ $BTC â Holding near $84,800. A weaker NFP could help Bitcoin challenge the $85,600 resistance. đ
đč $ETH â Ethereum remains on watch as liquidity and Fed expectations continue to influence the crypto market. âĄ
#Bitcoin #BTC #Ethereum #ETH #Macro
Bitcoin climbed back toward $84,800 as the U.S. 10-Year Treasury yield pulled back sharply to 5.217%, with traders awaiting the key NFP report.
Meanwhile, market expectations for an October Fed rate hike fell from 70% to 30%, giving risk assets some breathing room. đ
đĄ WHAT TRADERS ARE WATCHING:
Lower Treasury yields can ease financial conditions and potentially bring more institutional attention toward crypto as macro uncertainty remains high. đ
đ 2 MACRO-SENSITIVE COINS TO WATCH:
đ $BTC â Holding near $84,800. A weaker NFP could help Bitcoin challenge the $85,600 resistance. đ
đč $ETH â Ethereum remains on watch as liquidity and Fed expectations continue to influence the crypto market. âĄ
#Bitcoin #BTC #Ethereum #ETH #Macro
