Written by Suzie
Written by Suzie
Bitcoin's double top at $88,000: why $78,000 is the line that decides the next moveBitcoin trades near $82,500 (+0.47%) after twice failing at the $88,000 area, forming a potential double top with a neckline at $78,000. A break below the neckline would project a measured target near $68,200; a close back above $88,000 would invalidate the pattern. Here are the structure, the levels and what would confirm either side.
Bitcoin trades near $82,500 (+0.47%) after twice failing at the $88,000 area, forming a potential double top with a neckline at $78,000. A break below the neckline would project a measured target near $68,200; a close back above $88,000 would invalidate the pattern. Here are the structure, the levels and what would confirm either side.
Bitcoin's V-shaped rebound: from $80,953 back above $83,000 — spot buyers step in as the Fed softens, but ETF outflows lingerBitcoin slid to $80,953 on October 13 — then snapped back above $83,000, reclaiming the 81,847–82,305 'golden zone' on spot-led buying as Williams and Waller cooled the Fed's hawkish tone and the dollar pulled back from its 18-month high. But October ETF outflows near $386 million and a fear-and-greed reading of 56 say the repair is unfinished. Here are the levels, the transmission chain and both cases ahead of tonight's US CPI.
Bitcoin slid to $80,953 on October 13 — then snapped back above $83,000, reclaiming the 81,847–82,305 'golden zone' on spot-led buying as Williams and Waller cooled the Fed's hawkish tone and the dollar pulled back from its 18-month high. But October ETF outflows near $386 million and a fear-and-greed reading of 56 say the repair is unfinished. Here are the levels, the transmission chain and both cases ahead of tonight's US CPI.
【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonightThe 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.
The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.
Brent edges toward $99 as Trump rejects Iran's Hormuz proposal — why the war-risk premium won't rebuildBrent crude rose 0.92% to $98.51 and WTI gained 1.15% to $93.51 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz. But both benchmarks remain about 12% below their early-September highs, because supply never actually stopped. Hormuz flows ran at 33.7 million barrels this week, in line with the prior week, and Saudi Arabia's East-West pipeline restarted on September 22.
Brent crude rose 0.92% to $98.51 and WTI gained 1.15% to $93.51 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz. But both benchmarks remain about 12% below their early-September highs, because supply never actually stopped. Hormuz flows ran at 33.7 million barrels this week, in line with the prior week, and Saudi Arabia's East-West pipeline restarted on September 22.
US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth storyUS September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.