Post
0xSeñorita
The decline in $BTC and $ETH follows a different logic: strong economic data pushed up inflation expectations, US Treasury yields came under pressure and rose, combined with Middle East geopolitical tensions supporting the US dollar, all together lowering the market's risk appetite for high-beta assets — as shown in the chart, $BTC fell back to 83,006, $ETH retracted to 2659.42, both passive declines without new bad news.
$BTC
$ETH
BULL. 🐂
🪙 BTC
On BTC, we're seeing a break out of the structure ✔️
It's unlikely we'll manage to get back into the structure and hold there on the current candle, so I'm personally preparing to catch a bounce from the nearest support zone at 81,650–80,740.
That said, I'm not marking a new resistance zone yet either. It's better to wait on that, so I'll come back with an update later 🤝 $BTC
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