Today's reaction of $BTC is just fine, from my perspective. BTCUSD is still dancing and building a base around the two VWAPs anchored to the October 6 '26 high. Support at one of the mentioned VWAPs (source: close). For now, this is as good as it gets. If the Fed doesn't hike here in September (I believe that they won't hike), short-term, BTCUSD will probably continue the construction of the base or go higher and maybe even give people some FOMO :-) If (big if) the Fed hikes in December, however, rate sensitive assets might suffer; but we are not there (yet). Have a great weekend! 🌟
Dorte JelstrupShare
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