• BTC recoils more than 1.2% in Asia Tuesday, last $78,120

• Falls back under 61.8% Fibo retracement level at $78,774

• Bearish ahead, if it ends Tues below key support at $77,385

• That would place it back inside Bollinger downtrend channel

• Risk assets under pressure as UST yields heading north again

• USD strengthens as US10y 4.983%, recoups from late Mon pullback
BTC

(Ewen Chew is a Reuters market analyst. The views expressed are his own.)