Week ahead: everything runs through Tuesday's CPI
$BTC is sitting near 75,900 USDT as the weekly candle closes, under the 76,800 weekly open after a week that swung from 81,200 down to 74,900. Fear & Greed is 28 (Fear), BTC dominance is about 59%, and Binance perp funding is still slightly positive, so leverage hasn't fully flushed out.
The big event is US CPI for October on Tuesday at 7pm IST. Strong jobs data already pushed up December rate hike bets, so a hot print could test this week's low, while a cool print gives room for a relief bounce. Smaller supply events too: APT and PUMP unlocks on Wednesday.
My view through Nov 14: daily closes above 74,900 keep BTC in a 75,000 to 78,000 range with a shot at 78,000 after CPI. A daily close below 74,900 opens the way to 72,000. My cautious lean is wrong if BTC gets a daily close above 81,200.
How are you positioned going into CPI?
#CPI #Bitcoin #CryptoMarket #MarketOutlook
NFA
$BTC is sitting near 75,900 USDT as the weekly candle closes, under the 76,800 weekly open after a week that swung from 81,200 down to 74,900. Fear & Greed is 28 (Fear), BTC dominance is about 59%, and Binance perp funding is still slightly positive, so leverage hasn't fully flushed out.
The big event is US CPI for October on Tuesday at 7pm IST. Strong jobs data already pushed up December rate hike bets, so a hot print could test this week's low, while a cool print gives room for a relief bounce. Smaller supply events too: APT and PUMP unlocks on Wednesday.
My view through Nov 14: daily closes above 74,900 keep BTC in a 75,000 to 78,000 range with a shot at 78,000 after CPI. A daily close below 74,900 opens the way to 72,000. My cautious lean is wrong if BTC gets a daily close above 81,200.
How are you positioned going into CPI?
#CPI #Bitcoin #CryptoMarket #MarketOutlook
NFA
