Bitcoin could drop to $68,000.

Current prices: $BTC +0% 24h, $ETH +0% 24h, $BNB +0% 24h, $SOL +0% 24h. Prices are stable for now, but trends may change.

Wintermute says the latest rally was driven by leverage and short covering, with hot inflation and rising Treasury yields as the backdrop, last week's move has failed its first major macro test, arguing the move was not driven by durable spot demand, and the sharp reversal across digital assets is a concern.

Support at $70,000. Resistance at $85,000.

Bearish, target $68,000.

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