Good morning.
Bitcoin is holding, but the rest of the market is not.
Weak US jobs data cut October Fed hike odds from roughly 70% to about 20%, yet BTC is still pinned inside $83K-$87.4K.
Because 10-year yields near 5% keep the opportunity cost high.
Regime check:
• At EMA on the 12h, regime still Bullish
• Greed at 71
• Range intact, but altcoins are weaker than BTC
Total market cap is down 4.2% on the day while BTC is off only 1.0%, so the pressure is landing on the broader market. Fed minutes drop today, with September CPI next on October 14.
Question now:
Does ETF demand keep the range intact...
or do 5% yields finally break it?
XRP Coffee Break later ☕
$BTC
Bitcoin is holding, but the rest of the market is not.
Weak US jobs data cut October Fed hike odds from roughly 70% to about 20%, yet BTC is still pinned inside $83K-$87.4K.
Because 10-year yields near 5% keep the opportunity cost high.
Regime check:
• At EMA on the 12h, regime still Bullish
• Greed at 71
• Range intact, but altcoins are weaker than BTC
Total market cap is down 4.2% on the day while BTC is off only 1.0%, so the pressure is landing on the broader market. Fed minutes drop today, with September CPI next on October 14.
Question now:
Does ETF demand keep the range intact...
or do 5% yields finally break it?
XRP Coffee Break later ☕
$BTC