$BTC after the hot CPI print. Binance spot, about 07:58 GMT.
Price: 74,074, down about 1.1% in 24 hours.
Yesterday's low was 72,727, the lowest daily low of this pullback, and buyers stepped in there. Price has climbed back above 73,800 since.
Support: 72,700 to 73,200 (yesterday's low and today's low area). Below that, the 70,000 round number is the level most traders are talking about.
Resistance: 74,900 (yesterday's high), then 75,400 to 75,600, the 9 and 10 November highs. The 20-day average sits far above, near 78,200.
A daily close back above 75,600 would ease the pressure. Losing 72,700 would put 70,000 in play.
Keep leverage low around Friday's U.S. data.
Not financial advice.
#BTC #Bitcoin #CPI #Binance #BinanceSquare
Price: 74,074, down about 1.1% in 24 hours.
Yesterday's low was 72,727, the lowest daily low of this pullback, and buyers stepped in there. Price has climbed back above 73,800 since.
Support: 72,700 to 73,200 (yesterday's low and today's low area). Below that, the 70,000 round number is the level most traders are talking about.
Resistance: 74,900 (yesterday's high), then 75,400 to 75,600, the 9 and 10 November highs. The 20-day average sits far above, near 78,200.
A daily close back above 75,600 would ease the pressure. Losing 72,700 would put 70,000 in play.
Keep leverage low around Friday's U.S. data.
Not financial advice.
#BTC #Bitcoin #CPI #Binance #BinanceSquare