bitcoin:native breaks the downtrend line Yesterday's PCE came in softer than market expectations, with core PCE year-over-year at around 3.0%. More importantly, recent statements from Fed officials have been noticeably less hawkish than before. The market's probability of an October rate hike has dropped from about 70% to around 25%. However, the 10-year U.S. Treasury yield briefly hit around 5.3%, the highest level since 2002. Now, there's a very interesting tug-of-war happening: last night's PCE was bullish for BTC, but high Treasury yields are suppressing BTC. The macro window is open; now it depends on whether the capital is willing to push past the 87K barrier. Yesterday's short positions were closed with profits this morning—$ZEC made $100, $SOL a small $2 gain before exiting. bitcoin:native 87K breakout confirmation is the first observation point. If it fails to break through and heavy selling appears, I'll go short directly! The upward momentum is basically done; now it's about whether we can move into the second phase.