"Bitcoin is currently trading in a choppy range just above the 90,000 USD level, reflecting a fragile balance between monetary policy expectations, liquidity conditions, and global risk appetite. Recent US economic data indicate that the economy is still maintaining a moderate level of momentum. The manufacturing sector continues to contract as PMI remains below the 50 threshold, the labour market is gradually losing heat with weak ADP figures and declining JOLTS job openings, while the services sector continues to show relatively solid expansion. The market is therefore in a state of controlled slowdown."
"As growth slows without collapsing, pressure on the Federal Reserve to maintain an aggressively restrictive policy stance is gradually easing. This does not imply an immediate policy easing, but it does help prevent further tightening of financial conditions. In an environment where real interest rate expectations are not rising sharply and the US dollar struggles to sustain a strong breakout, Bitcoin is less likely to experience deep corrective phases."
Bitcoin is trading choppily just above $90,000, reflecting a fragile balance among monetary policy expectations, liquidity conditions, and global risk appetite. US data show moderate momentum: manufacturing remains in contraction with PMI below 50, labour market indicators are cooling, and services continue to expand, producing a controlled slowdown. That macro backdrop offers conditional support for Bitcoin by reducing the risk of an extended selling trend, but it does not signal a decisive upside breakout. Easing pressure on the Federal Reserve, stable real-rate expectations, and a non-dominant US dollar lower the chance of deep corrective moves.
Read at London Business News | Londonlovesbusiness.com
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