Bitcoin Looks Resilient After 2 Blows, The On-Chain Data Disagrees

Crypto Insight Summary: Bitcoin (BTC) faced two blows in 48 hours: a Fed rate hike and a failed Senate vote. Its price held. A key level did not. Glassnode had set the week’s test in advance. A second daily close below the True Market Mean would turn a slip into a break. Wednesday delivered it. The News Landed Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike and failed Senate vote pressure BTC, but resilience limits downside.