Core MoM 0.3%. Hot.
$BTC
84K → 82.8K is the right reaction.
Not digestion.
October hike odds are being repriced.
82.8K was a reclaim. Now it’s a pause, not demand. Stops still sit under it: 82.4K, 81.5K, 80.4K.
A hot core usually sweeps more than one level.
I don’t buy 82.8K.
If 80.4K can hold and reclaim 83K = Alive. 86.8K is unlikely on this print.
A close below 80.4K and 78.5K is next.
82.8K is the first touch. Not the CPI low.
$BTC
84K → 82.8K is the right reaction.
Not digestion.
October hike odds are being repriced.
82.8K was a reclaim. Now it’s a pause, not demand. Stops still sit under it: 82.4K, 81.5K, 80.4K.
A hot core usually sweeps more than one level.
I don’t buy 82.8K.
If 80.4K can hold and reclaim 83K = Alive. 86.8K is unlikely on this print.
A close below 80.4K and 78.5K is next.
82.8K is the first touch. Not the CPI low.