📝 9.25 Morning Quick Report
BTC: Around $84,400. BTC rallied toward $87,400 on Monday–Tuesday, then reversed after Wednesday’s PMI data and broke below $85,000. Thursday saw a low near $82,800, followed by a modest Asian-session recovery. ETH is around $2,680.
The move around $87K failed to hold, suggesting much of the recent short-covering bounce may already have played out.
Macro: Rising Treasury yields, higher oil prices, stronger U.S. PMI data, and a stronger dollar are creating pressure on risk assets. The 10Y Treasury yield reached around 5.15%, while Brent remains above $106 and WTI is around $95. Markets are also watching geopolitical developments around the Strait and U.S.–Iran discussions.
Crypto view: Higher rates + higher oil = a difficult backdrop for crypto. The recent BTC rally appears to have been driven substantially by short liquidations and premium unwinding, rather than clear confirmation of a new uptrend.
🔑 Key BTC Levels
$84,500: Immediate resistance / pressure zone $83,000: First downside level $81,000: Next major downside level $87,000–$87,400: Recent rejection area
If oil continues rising while Treasury yields remain elevated, risk assets could stay under pressure. Avoid going all-in at once and manage position size carefully$BTC #CFTCUpdatesGuidanceOnTokenizedAssets #BinanceWillListHyperliquid(HYPE) #FedOctoberRateHikeOddsRiseTo69.7% #FedProposesRulesForBankIssuedStablecoins
BTC: Around $84,400. BTC rallied toward $87,400 on Monday–Tuesday, then reversed after Wednesday’s PMI data and broke below $85,000. Thursday saw a low near $82,800, followed by a modest Asian-session recovery. ETH is around $2,680.
The move around $87K failed to hold, suggesting much of the recent short-covering bounce may already have played out.
Macro: Rising Treasury yields, higher oil prices, stronger U.S. PMI data, and a stronger dollar are creating pressure on risk assets. The 10Y Treasury yield reached around 5.15%, while Brent remains above $106 and WTI is around $95. Markets are also watching geopolitical developments around the Strait and U.S.–Iran discussions.
Crypto view: Higher rates + higher oil = a difficult backdrop for crypto. The recent BTC rally appears to have been driven substantially by short liquidations and premium unwinding, rather than clear confirmation of a new uptrend.
🔑 Key BTC Levels
$84,500: Immediate resistance / pressure zone $83,000: First downside level $81,000: Next major downside level $87,000–$87,400: Recent rejection area
If oil continues rising while Treasury yields remain elevated, risk assets could stay under pressure. Avoid going all-in at once and manage position size carefully$BTC #CFTCUpdatesGuidanceOnTokenizedAssets #BinanceWillListHyperliquid(HYPE) #FedOctoberRateHikeOddsRiseTo69.7% #FedProposesRulesForBankIssuedStablecoins