Daily News || Bitcoin Pulls Back Ahead of Critical Data Week

BTC struggles below $112k as BLS revisions, PPI & CPI loom; gold and euro shine on softer dollar

🪙 Crypto Market

Bitcoin slipped back under $112k after bulls failed to reclaim last week’s highs. The inability to close above $112,600 leaves a bearish technical shadow going into today’s U.S. jobs revisions, which could spark volatility.

Still, some constructive signals are emerging:

• Whale demand is rising below $109k, while retail participation is fading — a positive long-term sign.

• On-chain activity shows improving daily addresses.

• A correlation shift with stablecoin supply suggests BTC could soon catch up toward prior highs.

Technically, $113,300 is the line to beat for bulls. A break higher opens $115k and potentially $119–122k. A drop below 109,600 risks retesting last week’s 107k lows, with 104k as a deeper downside target.

🌍 Global Macro & Markets

Global sentiment started the week with softer dollar and lower U.S. yields, supporting risk assets:

• Dollar Index fell to 97.4; EUR/USD climbed above 1.1760.

• Gold rose 1.4% to $2,035; silver advanced near $31.4.

• U.S. 10Y yields eased to 4.04%, underpinning growth equities.

• Oil bounced above $86 on reports of Chinese reserve buying.

Politics and geopolitics remain in focus:

• Iran’s new president signaled openness to dialogue with the West, easing regional tensions.

• In Europe, French political instability and weak German data highlight fragility in the recovery.

• In the U.S., attention turns to Powell’s speech later this week and key inflation prints.

📌 Key Takeaways

• BTC failed at 112.6k, bears may test 109.6k–107k before higher.

• On-chain: whale accumulation, higher active addresses, retail fading → constructive mid-term.

• Gold and silver gained as the dollar retreated; euro edged higher despite French political turmoil.

• U.S. jobs revisions today, plus PPI & CPI midweek, are critical catalysts for both crypto and global markets.

• Big picture: Bitcoin still tracking a re-accumulation pattern, with long-term upside targets above 200k intact.

📢 Final Note

This newsletter is published daily on Substack. Early issues are free, later editions will be subscriber-only.