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Bitcoin, USD/CAD, Copper and US 10-Year Yield Brace for Jackson Hole

By: 
Christopher Lewis

Bitcoin, USD/CAD, copper and US 10-year yields face a key Jackson Hole catalyst, with BTC eyeing $84K or $72K as markets await Fed signals.

US 10-Year Yield, Bitcoin, USD/CAD, Copper

Daily US 10-year yield chart at 4.692%, pushing toward the top of its range above both moving averages.
The 10-year yield is pressing toward the 4.70%–4.75% resistance area, holding above both rising moving averages with support at 4.45%. Source: TradingView.

The 10-year yield rose again early during the trading session, and as a result, it looks as if we are going to continue the overall range that we had been in between the 4.60% level and the 4.75% level. The market will be waiting for a speech by Kevin Warsh later today as we try to determine what the Federal Reserve does next, so expect noise.