The 10-Year Yield and Bitcoin

Bitcoin struggles after 10-year rallies, similar to the S&P
In 2023, Bitcoin had a rally, then faded back down before its next leg higher
The 10-year yield topping allowed Bitcoin to begin its next leg higher
The current labor market data shows low unemployment rates (4.1%)
Good labor market news is seen as bad news due to the Fed's current stance on cutting rates