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Goldman Sachs is shifting its rate outlook, but $BTC hasn’t really reacted yet. The message is simple: September rate hikes look increasingly unlikely. Weak retail data, softer employment and stubborn inflation are making the market’s hiking expectations look too aggressive. Goldman also sees expectations potentially moving further out, with earlier easing still on the table. That sounds positive for risk assets. But $BTC and $ETH still have a momentum problem. Last week’s ETF flows were not strong enough to sustain buying pressure, and spot volume remains relatively quiet. For $BTC, the 63,800–64,500 zone is still the key resistance area. Until we see a genuine volume-backed breakout, macro headlines can provide a floor, but they probably aren’t enough to start a sustained rally. I’m watching volume more than headlines here. #BTCVolumeDriesUp #SPCXOwnershipRevealed #OKXOutcomeLeagueS2