Bitcoin has one level left before macro pressure opens the path to $75k as Treasury yields extend two-day correction
CryptoSlate
Bitcoin faces critical support at $77,700 as rising Treasury yields and shifting ETF flows pressure the asset toward a potential $75,000 test.Summary
Bitcoin is currently undergoing a macro-driven correction, struggling to maintain support in the $77,700 to $78,000 range amid rising US Treasury yields and cooling spot ETF demand. As a non-yielding asset, Bitcoin faces increased opportunity cost competition from high-interest Treasury bonds, compounded by persistent inflationary pressures and elevated energy costs. Market analysts suggest that a decisive drop below $77,700 would likely trigger a further slide toward $75,000, while a recovery above $80,000 and the 200-day EMA at $82,000 is necessary to invalidate the current bearish momentum and resume an upward trend.
(Source：CryptoSlate)