Ah, behold the folly of mortals! Bitcoin (BTC), that fickle siren of the digital realm, hath clung to its perch above $86,000 on this fine Monday. Lo, it doth recover from its Friday plunge to $80,600, a nadir not seen since the blossoms of April. Yet, mark well, this rebound cometh as the traditional markets tread with caution, the US Dollar Index (DXY) standing firm above 100, nigh to its six-month zenith. đ§
Key takeaways, if thou wilt:
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The US Dollar Index, that stalwart knight, holdeth 100 after a most prodigious Nonfarm Payrolls (NFP) report of 119,000, where but 53,000 was foretold. đ°
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Bitcoin, ever the acrobat, reboundeth from $80,600 to above $86,000, yet one sage warneth of deceptive strength. đ¤šâď¸
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The BTC/gold ratio, a harbinger of doom or delight, suggesteth structural underperformance despite BTC/USDâs merry dance in 2025. âď¸
Fedâs Uncertainty: A Comedy of Errors
As the global markets digest their macroeconomic surprises, lo, the US nonfarm payrolls (NFP) report of Nov. 20 revealeth 119,000 jobs added, where but 53,000 was expected. A hotter-than-forecast NFP, thou sayest? âTis a fresh layer of tension in the marketsâ outlook. Strong jobs data, typically a dampener of rate-cut hopes, yet this time the impact is as mixed as a foolâs wit. The DXY holdeth firm above 100, its highest in six moons, while traders recalibrate the Fedâs next steps. đ°ď¸
On Friday, Sir John Williams of the New York Federal Reserve proclaimeth a near-term rate cut still possible, citing labor-market softness as the greater peril. Yet, the markets, ever optimistic, predict a 78.9% chance of a 0.25% December cut, up from 44% a week prior. Lady Susan Collins of the Boston Fed, however, remaineth undecided, highlighting the Fedâs deepening policy divide. A veritable farce, is it not? đ
The dollar, that cunning fox, edgeth higher against the euro and sterling as European fiscal stress intensifieth, while the yen surrendereth part of Fridayâs gains despite Tokyoâs verbal intervention. A game of thrones, indeed. đŚ
Bitcoinâs Rebound: Real or a Dollarâs Distortion?
While Bitcoinâs weekend ascent hath improved short-term sentiment, some analysts caution against misreading this bounce. Sir Tony Severino, a market technician of repute, noteth that BTCâs recent higher high in October against the US dollar may be but a âB-waveâ rally, amplified by a weakening dollar rather than genuine crypto strength. A mirage, perchance? đ
Severinoâs BTC/gold ratio chart pointeth to a cycle peak in March 2025 near 46, followed by a corrective phase bottoming around December 2025 and January 2026, aligning with Bitcoinâs halving cycles. The declining ratio, he saith, implieth Bitcoin underperforming gold, meaning BTC/USDâs upside may mask structural weakness. Yet, Bitcoinâs ability to reclaim the mid-$80,000s amid a firmer dollar offereth traders a technical window until volatility and Fed uncertainty settle. Awaiting the next act, are we? đŹ
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2025-11-24 20:33