MORNING MARKET BRIEF Markets enter a critical session with one dominant question: what will the Fed signal next? #Bitcoin is trading around $75–77K, while the US 10Y Treasury yield has tested 5%+ and Brent remains above $100. The combination of expensive energy and rising yields is putting pressure on both crypto and growth stocks. 🇺🇸 US Macro: August CPI came in at 3.4% YoY, unemployment stands at 4.1%, and payrolls increased by 162K. Economic activity remains resilient, while inflation pressure has not disappeared. The market is now focused on today's Fed decision and, more importantly, the new rate path. 📉 Stocks: S&P 500, Nasdaq and Dow closed lower as higher Treasury yields increased pressure on expensive growth assets. The 5% level on the US 10Y is becoming one of the most important macro indicators to watch. 🇨🇳 China: Industrial production remains stronger than domestic consumption, while property continues to weigh on the economy. The divergence between manufacturing/technology and the consumer remains significant. 🤖 AI: Investment is moving beyond GPUs toward networking, memory, power, cooling and security the infrastructure required to scale AI systems. What matters now Oil > $100 → Inflation risk ↑ → Fed stays tight → Yields ↑ → Nasdaq/ $BTC pressure For crypto, watch #BTC $80K, US 10Y at 5%, DXY and oil after the Fed decision. A move back above $80K alongside falling yields and a weaker dollar would improve the risk-on structure. If yields remain above 5% and the dollar strengthens, pressure on BTC and altcoins could continue. The Fed decision matters but the reaction in bonds, the dollar and Bitcoin may tell us much more. #BTC Price Analysis#