🚨 HOT CPI TORCHES CRYPTO: FED HIKE ODDS HIT 85% AS BTC CRASHES TO $72,787
US October CPI printed +0.4% vs +0.3% expected, core +0.3% vs +0.2% forecast.
Traders now price a December Fed hike at 85%, and $632M in leveraged positions got wiped out in 24 hours.
$SOL dumped over 6% with the majors as $BTC and $ETH ETFs keep bleeding outflows.
SOL is in a strong bearish trend on every timeframe, trading below all major EMAs with the 200-day EMA at $98.05 overhead.
Daily RSI sits at 24, deep oversold, while MACD stays negative — sellers are in control, any bounce is a selling opportunity.
First resistance $87.74 caps every bounce; a daily close above it flips the picture, but below $83.30 the door opens to $80.60.
• Entry: SHORT $SOL at $87.50 (short the bounce to resistance)
• TP: TP1 $83.30 / TP2 $80.60 / TP3 $77.10
• SL: $91.00 (invalid if daily close above $87.74)
DYOR
#Solana #CPI
US October CPI printed +0.4% vs +0.3% expected, core +0.3% vs +0.2% forecast.
Traders now price a December Fed hike at 85%, and $632M in leveraged positions got wiped out in 24 hours.
$SOL dumped over 6% with the majors as $BTC and $ETH ETFs keep bleeding outflows.
SOL is in a strong bearish trend on every timeframe, trading below all major EMAs with the 200-day EMA at $98.05 overhead.
Daily RSI sits at 24, deep oversold, while MACD stays negative — sellers are in control, any bounce is a selling opportunity.
First resistance $87.74 caps every bounce; a daily close above it flips the picture, but below $83.30 the door opens to $80.60.
• Entry: SHORT $SOL at $87.50 (short the bounce to resistance)
• TP: TP1 $83.30 / TP2 $80.60 / TP3 $77.10
• SL: $91.00 (invalid if daily close above $87.74)
DYOR
#Solana #CPI
