BTC $74,064 - $72,727 HELD! NEXT MOVE? BUY? SELL? WAIT? VOTE NOW 👇
Learn Safely on Binance: https://www.binance.com/join?ref=1044484134
9 PM Update | Wed, Nov 11
BTC: $74,064 (+1.14%)
ETH: $2,058
SOL: $83
Total Market: $2.50T
Fear & Greed: 29 - FEAR
BTC Dominance: 59.7%
WHAT HAPPENED TODAY?
1. BTC HELD $72,727 - The low from HOT CPI day. Today low was $72,727 again, high $74,474. BTC bounced +$1,300 from the low and is now holding above 200-day MA $73,200.
2. HOT CPI STILL CONTROLLING: Oct CPI +0.4% vs 0.3% expected, Core +0.3% vs 0.2% expected. Dec Fed Hike now 90% - 99% priced in. Fed Governor Waller already signaled 25bps hike, 50bps if conditions warrant.
3. $723M LIQUIDATED after CPI - $570M were LONGS. 115,600 traders wiped in 24h. BTC alone $203M liquidated, $175M longs.
4. WHALES SELLING: Whales dumped 34,000+ BTC (~$2.6B) as BTC fell from $79,000 to $73,000. BlackRock IBIT: 7 straight sessions of outflows, total $1.66B. Institutions are NOT buying yet.
5. MOMENTUM STILL WEAK: RSI 33.9 - near oversold, MACD negative. BTC down -5.3% in 7 days, -11.8% in 1 month, -16.8% YTD, -28.3% in 1 year.
KEY LEVELS - Education Only:
Support: $72,727 / $72,600 / $70,000
Resistance: $74,474 / $75,000 / $75,500
BTC MUST reclaim $75,000 to turn short-term bullish. Below $72,727 daily close = $69,000 open.
NEXT CATALYSTS:
Fri Nov 13: PPI - Could move yields again
Tue Nov 18: FOMC Minutes
Dec 9: Fed Meeting - 25bps hike expected
Dec 10: Next CPI
POLL - VOTE HONESTLY 👇
A) BUY THE DIP - $74K is discount, I am accumulating spot
B) SELL / STAY OUT - $69K coming, whales still selling
C) WAIT FOR $75,000 - I need breakout confirmation first
Comment A / B / C + 1 line WHY
Question For Discussion:
Do you think BTC hits $70K first or $78K first? Comment your target.
Follow for Daily REAL Learning - No Fake Signals!
Trade Safely on Binance: https://www.binance.com/join?ref=1044484134
#BTC #ETH #SOL #CPI #CryptoNews #BinanceSquare #Bitcoin #Fed #CryptoLearning
Learn Safely on Binance: https://www.binance.com/join?ref=1044484134
9 PM Update | Wed, Nov 11
BTC: $74,064 (+1.14%)
ETH: $2,058
SOL: $83
Total Market: $2.50T
Fear & Greed: 29 - FEAR
BTC Dominance: 59.7%
WHAT HAPPENED TODAY?
1. BTC HELD $72,727 - The low from HOT CPI day. Today low was $72,727 again, high $74,474. BTC bounced +$1,300 from the low and is now holding above 200-day MA $73,200.
2. HOT CPI STILL CONTROLLING: Oct CPI +0.4% vs 0.3% expected, Core +0.3% vs 0.2% expected. Dec Fed Hike now 90% - 99% priced in. Fed Governor Waller already signaled 25bps hike, 50bps if conditions warrant.
3. $723M LIQUIDATED after CPI - $570M were LONGS. 115,600 traders wiped in 24h. BTC alone $203M liquidated, $175M longs.
4. WHALES SELLING: Whales dumped 34,000+ BTC (~$2.6B) as BTC fell from $79,000 to $73,000. BlackRock IBIT: 7 straight sessions of outflows, total $1.66B. Institutions are NOT buying yet.
5. MOMENTUM STILL WEAK: RSI 33.9 - near oversold, MACD negative. BTC down -5.3% in 7 days, -11.8% in 1 month, -16.8% YTD, -28.3% in 1 year.
KEY LEVELS - Education Only:
Support: $72,727 / $72,600 / $70,000
Resistance: $74,474 / $75,000 / $75,500
BTC MUST reclaim $75,000 to turn short-term bullish. Below $72,727 daily close = $69,000 open.
NEXT CATALYSTS:
Fri Nov 13: PPI - Could move yields again
Tue Nov 18: FOMC Minutes
Dec 9: Fed Meeting - 25bps hike expected
Dec 10: Next CPI
POLL - VOTE HONESTLY 👇
A) BUY THE DIP - $74K is discount, I am accumulating spot
B) SELL / STAY OUT - $69K coming, whales still selling
C) WAIT FOR $75,000 - I need breakout confirmation first
Comment A / B / C + 1 line WHY
Question For Discussion:
Do you think BTC hits $70K first or $78K first? Comment your target.
Follow for Daily REAL Learning - No Fake Signals!
Trade Safely on Binance: https://www.binance.com/join?ref=1044484134
#BTC #ETH #SOL #CPI #CryptoNews #BinanceSquare #Bitcoin #Fed #CryptoLearning
