Bitcoin Declines to $78.2k as Caution Sets Before Fed — What Next?
$BTC hit more than 3-month high $82,164 last week, now reversed to $78,298 on Fed caution.
Current $78,277 High $79,760 Low $77,770. Strategy holds 845k BTC avg $75,412 and didn't buy last week.
ETF net assets $99.52B back under $100B line but 3-week inflow $3.8B. If yields stay high and BTC holds, policy rate no longer binding constraint.
My view: Range $77.7k-$79.7k until Fed Sep 16. Break $80k = $82k retest.
$BTC
#BTC #BitcoinETFsStill #Fed
CTA: Long or short BTC before Fed?
$BTC hit more than 3-month high $82,164 last week, now reversed to $78,298 on Fed caution.
Current $78,277 High $79,760 Low $77,770. Strategy holds 845k BTC avg $75,412 and didn't buy last week.
ETF net assets $99.52B back under $100B line but 3-week inflow $3.8B. If yields stay high and BTC holds, policy rate no longer binding constraint.
My view: Range $77.7k-$79.7k until Fed Sep 16. Break $80k = $82k retest.
$BTC
#BTC #BitcoinETFsStill #Fed
CTA: Long or short BTC before Fed?
