↗️ Market Overview

🤑 We played that move well. Now I’d like to see the local high at $82,300 get taken out.

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↗️ Market Overview BTC: $77,836 ETH: $2,491 Fear & Greed Index: 56 (Greed) BTC Dominance: 59.30% 😎 The trendline is gradually playing out — we’re currently around $78K. If we break this level, we could move higher toward $79–80K. But what happens next is still an open question. Once again, the entire macro backdrop points toward a downside move. But if that downside is obvious to everyone in the market — what’s the point of it?

🦅 Narrative of the Week: The Fed’s Hawkish Pivot The key narrative this week was the sharp shift in expectations around the Fed’s future policy. A strong jobs report, hotter-than-expected PPI, and hawkish CPI effectively pushed expectations for near-term rate cuts out of focus. More importantly, the probability of a rate hike on September 16 surged from around 68% to 82% after the CPI release, briefly exceeding 90%. Despite this macro backdrop, Bitcoin has yet to show a full-blown bearish reaction. The market attempted to push prices lower, but buyers quickly stepped back in. But the key question now is how long the market can continue to ignore the increasingly hawkish Fed expectations — and how it will react when the rate decision is announced next week.

📉 Market Overview BTC: $76,934 ETH: $2,476 Fear & Greed Index: 69 (Greed) BTC Dominance: 59.29% 😎 Yesterday, I expected Bitcoin to take out the nearby high at $79,917. We fell just short, with price reaching $79,600 before a fairly sharp pullback. 📈 BTC is now back inside the strong $76–77K demand zone. As long as this zone continues to hold, I wouldn't rule out another attempt higher. However, another rejection from $79–80K would be a pretty bearish sign for the buyers. For now, the market is essentially trapped between two key levels: $76–77K on the downside and $79–80K on the upside. A breakout from this range will likely give us a clearer direction.