Daily market data update — BTC $62,920 (-1.38% 24h)

Macro

• Fed should raise rates to restrain growth and inflation, Hammack says - Reuters
• Here's Where the Fed May Take Interest Rates Under Chairman Kevin Warsh - Yahoo Finance
• The US says more oil is leaving the Middle East, but is it really? - Reuters
• Why Isn’t the Price of Oil Even Higher? - Paul Krugman | Substack

Crypto

• BTC: $62,920 (-1.38% 24h)
• ETH: $1,873.27 (-1.10%)
• SOL: $75.56 (-1.06%)
• Fear & Greed: 36 (Fear)

Indian Indices

• Sensex: 77,835.97 (-0.31%)
• Nifty 50: 24,338.85 (-0.23%)
• Bank Nifty: 57,428.10 (-0.36%)

US Equities

• S&P 500: 7,798.99 (+0.65%)
• Nasdaq: 26,803.03 (+0.81%)
• Dow: 53,839.99 (+0.13%)

Commodities

• Gold: $4,398 (+0.78%)
• Brent crude: $88.44 (+1.57%)
• PAXG: $4,344 (-0.50%)
• DXY reference: 99.92

BTC Technical Snapshot

• RSI14: 42.4
• Price is below the 50-day EMA ($64,408)
• Price is below the 200-day EMA ($73,078)
• 30-day range: $62,763 – $66,505

For your session

NEUTRAL — mechanical execution favored

Bias: NEUTRAL — mechanical execution favored. Historically a weaker setup off-session and on PAXG specifically — worth the extra discipline today.