$BTC Holds $75K Before CPI: What I'm Watching Today
Bitcoin is trading around $75,356 today, hovering near $75K before a major US event tonight.
Market Context (10 Nov 2026):
On November 9, BTC closed at $75,248 (+0.7%) after a range of $73,667 – $75,451. U.S. stocks posted their biggest gain since April yesterday (NASDAQ +2.74%, S&P 500 +2.34%) but crypto underperformed. BTC is failing to follow equities higher, which shows institutional buying is still weak.
Data:
- Spot BTC ETFs: -$430M (Nov 5) and -$412M (Nov 6) — $842M outflow in 2 sessions
- Weekly ETF outflow: $1.28B — largest since June
- Fear & Greed Index: 32 (Fear) vs 29 yesterday
Technical Levels:
EMA 7: $74,950
EMA 25: $74,953
EMA 99: $75,688
Price is below all three EMAs but trying to recover from yesterday's low $73,667.
My Key Levels:
Support: $74,000 then $73,667
Resistance: $75,688 (EMA99) then $76,000
If BTC holds $75K and reclaims $76K, a sustained rebound becomes possible. If not, $74K will be in focus.
Big Event Today:
U.S. October CPI is due tonight — this will shift expectations for Fed rate decisions. Plus remarks by Fed Governor Christopher Waller.
My Plan:
I will wait for CPI before taking any new position. If CPI is low, BTC likely pushes to $76K. If CPI is hot, $74K retest is possible.
What is your bias for tonight — bullish or bearish for $BTC?
Not financial advice. DYOR.
