$BTC just printed 70,376 on Binance, its lowest level since 20 August.
Nothing broke in crypto overnight. The pressure is coming from rates: Fed's Williams says inflation is "far too high" and Daly sees more hikes ahead.
Levels I'm watching on the 1h:
• 72,000 = reclaim line
• 74,811 = 12 Nov high
• Daily close under 70,000 = August lows back in play
Full breakdown (Fed pricing, yen at 160, funding & OI):
https://www.binance.com/en/square/post/387669186530211
Not financial advice.
#Bitcoin #BTC #FedRateHike
Nothing broke in crypto overnight. The pressure is coming from rates: Fed's Williams says inflation is "far too high" and Daly sees more hikes ahead.
Levels I'm watching on the 1h:
• 72,000 = reclaim line
• 74,811 = 12 Nov high
• Daily close under 70,000 = August lows back in play
Full breakdown (Fed pricing, yen at 160, funding & OI):
https://www.binance.com/en/square/post/387669186530211
Not financial advice.
#Bitcoin #BTC #FedRateHike
