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Bullish
The Fed Hasn’t Acted Yet, but Bitcoin Is Already Panicking! The Dollar Is Strengthening—Can $68k Hold?

This time, Bitcoin’s biggest opponent may not be the bears, but expectations for the Fed’s monetary policy.
The dollar is strengthening, Treasury yields are rising, and concerns about future rate hikes are heating up again. For a risk asset like Bitcoin that generates no interest income, investors will naturally recalculate the cost of holding it. After all, as dollar-denominated assets become more attractive, investors may be less willing to keep paying up for high-volatility assets.
Meanwhile, ETF outflows are adding to the pressure. With institutional buying weakening, a price rebound naturally lacks sufficient momentum.
Technically, around $67,900 is a key line of defense. If it breaks, watch the $63,000–$66,000 range. However, if inflation data cools, the dollar retreats, and risk appetite recovers, Bitcoin could also rebound.
Ultimately, what Bitcoin needs most right now isn’t investors chanting slogans, but liquidity returning. After all, conviction can prompt buying, but it can’t directly replace capital. $BTC
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