$BTC The US dollar suddenly stood up and flexed
BTC is feeling a bit uncomfortable
Over the past couple of days, the US dollar has suddenly started to flex
The moment yesterday’s US inflation data came out
The market immediately got a little panicky
July PCE year-over-year: 3.7%
It’s clearly still above the Federal Reserve’s 2% target
So what does that mean?
People had still been imagining
that the Fed would cut rates soon,
and that liquidity would quickly come in
But now the market suddenly starts mumbling
Bro… you probably can’t cut😂
The dollar then strengthened
It posted one of the most noticeable upswings in nearly four weeks
This thing is closely tied to the crypto world
Because when the dollar is strong
risk appetite for global capital is often suppressed
To put it simply and bluntly
A strong dollar → tighter liquidity expectations → more pressure on risk assets
Bitcoin and Ethereum
Still have to watch the dollar’s mood
Right now, the most important thing is
whether this round of dollar strength is just a one-day trip
or a trend reversal
If it’s only the market re-pricing Fed expectations
then in a couple of days the dollar might soften again
and BTC might still be able to keep bouncing
But if the dollar continues to strengthen
while US Treasury yields keep moving up…
then be careful
After all, a few days ago BTC was still shouting
“80,000—here I come”
Now the dollar comes out to hit the brakes directly
Big Pizza bro’s life is also really not easy
Always getting tossed around by all kinds of news
The problem is, it’s messing with us
making all of us unable to react
Honestly, now I can’t stop thinking
In my heart, I feel like it should go up
But all kinds of news keep pushing it down
Could this be the dog-whale’s scheme?
When we lose confidence
and a lot of people pile up with short orders
they’ll catch you off guard
and wipe you out in one go
Now BTC is moving sideways
Watch for the breakout signal
#dollarpostsbiggestgaininnearlyfourweeks