Warsh Delays, Not Doves — Bitcoin Holds $82K
Key Takeaways from IMF/World Bank Meeting in Bangkok:
Fed's Warsh declined to signal October's outcome.
- October hike odds cut from 30% to 17%
- December hike odds still at 90%
This means the hike is delayed by one meeting, not off the table.
Inflation Data:
CPI at 3.7% and Core PPI at 0.7% vs 0.3% expected, but still zero hawkish guidance.
Bitcoin Update:
- BTC defended $80K for the 3rd time this week
- Now holding above $82,000
- Short-term holders unrealised profit compressed from 16% to 10%
- Newest buyers entering at $82K-$86K, 8.8% above the bottom
Market is pricing out October and pricing in December.
Bullish or Bearish for BTC?
#Bitcoin #BTC #Crypto #Fed #BinanceSquare
Key Takeaways from IMF/World Bank Meeting in Bangkok:
Fed's Warsh declined to signal October's outcome.
- October hike odds cut from 30% to 17%
- December hike odds still at 90%
This means the hike is delayed by one meeting, not off the table.
Inflation Data:
CPI at 3.7% and Core PPI at 0.7% vs 0.3% expected, but still zero hawkish guidance.
Bitcoin Update:
- BTC defended $80K for the 3rd time this week
- Now holding above $82,000
- Short-term holders unrealised profit compressed from 16% to 10%
- Newest buyers entering at $82K-$86K, 8.8% above the bottom
Market is pricing out October and pricing in December.
Bullish or Bearish for BTC?
#Bitcoin #BTC #Crypto #Fed #BinanceSquare