The market got its answer from Kevin Warsh, and it wasn’t the dovish signal Bitcoin bulls were hoping for. $BTC failed to hold $80K and has now dropped into the $77K–$78K area as yields moved higher. For me, this is the level that matters now. If BTC can defend $77.7K–$78K, the bigger trend still has a chance to recover. Lose it, and the recent momentum starts looking much weaker.