BTC HELD THE LINE: $73,796 close stays above the 200-day average
Bitcoin closed 10 Nov at $73,796 — above the SMA200 at $73,191 — after dipping to $72,727 intraday. The level the whole market was watching held on a closing basis. RSI 30.7, near oversold. Live: $73,549, down 2.0% in 24h, range $72,727-$75,288, volume $1.25B (Binance, 05:55 PKT).
Why it matters: the hot October CPI (up 0.4% vs 0.3% expected) triggered the selloff, and spot BTC ETFs lost $201M on Monday — a 3rd straight day of outflows, IBIT alone $213M out for a 7th straight session (Farside via Cointelegraph). November outflows now total about $1.48B. Markets now price about a 79% chance of a Dec Fed hike. Fear and Greed: 29, Fear.
Same close decided the other levels: PEPE closed $0.00000538, above its $0.0000051 breakout — confirmed. ZEC closed $1,045, above $1,000 but below $1,049 — mixed. ARB closed $0.1607, below its EMA20 $0.1683 — reclaim failed.
Expectations (not a guarantee): Deribit options expiring Fri 13 Nov price about a 53% chance BTC finishes above $73,500, 26% above $75,000, and 85% above $72,000. A hold above the SMA200 keeps a bounce alive; a daily close below $73,191 flips the structure bearish.
Plan: stand aside on longs until a daily close back above $75,368 (9 Nov close); dip-buyers watch $73,191, stop below $72,727; targets $75,368 then $77,800 (EMA20). Tiny size, spot only. Confidence: Low-Medium.
$BTC #BTC #Bitcoin #Crypto
Bitcoin closed 10 Nov at $73,796 — above the SMA200 at $73,191 — after dipping to $72,727 intraday. The level the whole market was watching held on a closing basis. RSI 30.7, near oversold. Live: $73,549, down 2.0% in 24h, range $72,727-$75,288, volume $1.25B (Binance, 05:55 PKT).
Why it matters: the hot October CPI (up 0.4% vs 0.3% expected) triggered the selloff, and spot BTC ETFs lost $201M on Monday — a 3rd straight day of outflows, IBIT alone $213M out for a 7th straight session (Farside via Cointelegraph). November outflows now total about $1.48B. Markets now price about a 79% chance of a Dec Fed hike. Fear and Greed: 29, Fear.
Same close decided the other levels: PEPE closed $0.00000538, above its $0.0000051 breakout — confirmed. ZEC closed $1,045, above $1,000 but below $1,049 — mixed. ARB closed $0.1607, below its EMA20 $0.1683 — reclaim failed.
Expectations (not a guarantee): Deribit options expiring Fri 13 Nov price about a 53% chance BTC finishes above $73,500, 26% above $75,000, and 85% above $72,000. A hold above the SMA200 keeps a bounce alive; a daily close below $73,191 flips the structure bearish.
Plan: stand aside on longs until a daily close back above $75,368 (9 Nov close); dip-buyers watch $73,191, stop below $72,727; targets $75,368 then $77,800 (EMA20). Tiny size, spot only. Confidence: Low-Medium.
$BTC #BTC #Bitcoin #Crypto