Crypto's week ahead: three dates matter, and one of them is Binance's own 📅
Here is the calendar I'm watching, in PKT:
Tue Nov 10, 6:30 PM: US October CPI. There's no annual rate this time, so the monthly numbers carry the story.
Wed Nov 11: US bond markets are closed for Veterans Day.
Fri Nov 13, 6:30 PM: US October PPI.
By Fri Nov 13: Binance says it aims to reopen withdrawals for HYPE, INJ, APT, PLASMA, NEAR and LTC.
On the $BTC chart, the Nov 6 low at 74,888 is the level to defend, and the 50-week average sits near 78,500.
My view: into CPI I'd watch levels, not guess the print. A daily close below 74,888 is the warning. A daily close above 78,500 is the first sign the pressure is easing.
Which date moves the market most: CPI, PPI or the Binance reopening? 👇
#CPITestsDecemberRateOutlook #bitcoin
Here is the calendar I'm watching, in PKT:
Tue Nov 10, 6:30 PM: US October CPI. There's no annual rate this time, so the monthly numbers carry the story.
Wed Nov 11: US bond markets are closed for Veterans Day.
Fri Nov 13, 6:30 PM: US October PPI.
By Fri Nov 13: Binance says it aims to reopen withdrawals for HYPE, INJ, APT, PLASMA, NEAR and LTC.
On the $BTC chart, the Nov 6 low at 74,888 is the level to defend, and the 50-week average sits near 78,500.
My view: into CPI I'd watch levels, not guess the print. A daily close below 74,888 is the warning. A daily close above 78,500 is the first sign the pressure is easing.
Which date moves the market most: CPI, PPI or the Binance reopening? 👇
#CPITestsDecemberRateOutlook #bitcoin