So $BTC just failed the cleanest version of the post-PCE bull case.
#bitcoin spiked to $85.5K after softer core inflation, then slipped back below $84K within hours. Meanwhile, U.S. stocks stayed green and Treasury yields remained slightly lower. That divergence matters: the macro headline helped, but crypto-specific supply was still strong enough to erase the breakout.
This makes $85K a cleaner level than before. A reclaim now would show buyers can absorb the first wave of profit-taking. Continued rejection says the PCE move was liquidity, not acceptance.
The next test is no longer whether inflation cooled. It did. The test is whether spot demand can hold a breakout without leverage doing the work. Until $85K is recovered, chasing the first green candle is the weaker trade.
#bitcoin spiked to $85.5K after softer core inflation, then slipped back below $84K within hours. Meanwhile, U.S. stocks stayed green and Treasury yields remained slightly lower. That divergence matters: the macro headline helped, but crypto-specific supply was still strong enough to erase the breakout.
This makes $85K a cleaner level than before. A reclaim now would show buyers can absorb the first wave of profit-taking. Continued rejection says the PCE move was liquidity, not acceptance.
The next test is no longer whether inflation cooled. It did. The test is whether spot demand can hold a breakout without leverage doing the work. Until $85K is recovered, chasing the first green candle is the weaker trade.
