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$BTC & $ETH WEAK — MACRO IS ADDING PRESSURE
$BTC has fallen to $77.4K while $ETH trades around $2.4K as the short-squeeze effect fades and profit-taking accelerates. More importantly, Fed Chair Kevin Warsh struck a hawkish tone at Jackson Hole: September hike odds rose from 35.4% to 55.7%, while the 2-year Treasury yield climbed to 4.31% and the USD strengthened.
With liquidity tightening, crypto remains vulnerable. This could be a leverage reset before the market finds balance.
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