đš UPTOBER IS BACKâBUT THE CALENDAR IS NOT A BUY SIGNAL
October has started, and Bitcoin traders are bringing back the same question:
Is the next big rally finally here?
The bullish story is simple.
October has a reputation for strong Bitcoin performance.
But history is not a guarantee.
This year, there is another number investors cannot ignore:
The US 10-year Treasury yield touched roughly 5.34% todayâits highest since 2002
High yields can create a tougher environment for risk assets.
So before chasing the Uptober narrative, watch:
Spot buying volume
ETF flows
US Treasury yields
The dollar
Whether breakouts actually hold
A green candle is not confirmation.
A seasonal pattern is not a promise.
Uptober may bring opportunity.
But the market still needs to prove it.
Are you expecting a breakoutâor another bull trap?
â Aasim Majeed AMC
$BTC
#Bitcoin #Uptober #BTC #Crypto
October has started, and Bitcoin traders are bringing back the same question:
Is the next big rally finally here?
The bullish story is simple.
October has a reputation for strong Bitcoin performance.
But history is not a guarantee.
This year, there is another number investors cannot ignore:
The US 10-year Treasury yield touched roughly 5.34% todayâits highest since 2002
High yields can create a tougher environment for risk assets.
So before chasing the Uptober narrative, watch:
Spot buying volume
ETF flows
US Treasury yields
The dollar
Whether breakouts actually hold
A green candle is not confirmation.
A seasonal pattern is not a promise.
Uptober may bring opportunity.
But the market still needs to prove it.
Are you expecting a breakoutâor another bull trap?
â Aasim Majeed AMC
$BTC
#Bitcoin #Uptober #BTC #Crypto