Bitcoin Weakness Near $80K as Platinum and DAX Index Emerge as Key Market Drivers

The cryptocurrency market is showing signs of weakness, particularly Bitcoin, which appears to be vulnerable near $80K. On the other hand, platinum prices are eyeing a potential support at $1,800, and bulls in the DAX index are targeting a breakout above the key 26,000 support level.

The US 10-year yield has been consolidating between 4.60% and 4.70%, holding above both rising moving averages with support at 4.45%. This range-bound behavior is not unexpected given the recent core PCE numbers coming out as expected.

With the focus shifting to technical analysis in this situation, market participants are likely to closely monitor price movements in these key areas.