Bitcoin Drops Below $74K After Hot CPI Data
📉 BTC is at $73,972 - CPI data just changed everything
Bitcoin fell below $74,000 after October's CPI came in hotter than expected. Markets are now pricing in an 89% chance of a Fed rate hike in December.
• Key Support: $73,000. If this breaks, $70,000 is in focus.
• Key Resistance: $75,000 - BTC needs to reclaim this to show any strength.
• **Liquidations:** Over $724M wiped out in 24 hours, with longs taking 79% of the hit.
This is a macro-driven drop. Don't catch a falling knife without a stop-loss. Are you buying this dip or waiting for $70K? 👇
#Bitcoin #BTC #Binance $BTC
📉 BTC is at $73,972 - CPI data just changed everything
Bitcoin fell below $74,000 after October's CPI came in hotter than expected. Markets are now pricing in an 89% chance of a Fed rate hike in December.
• Key Support: $73,000. If this breaks, $70,000 is in focus.
• Key Resistance: $75,000 - BTC needs to reclaim this to show any strength.
• **Liquidations:** Over $724M wiped out in 24 hours, with longs taking 79% of the hit.
This is a macro-driven drop. Don't catch a falling knife without a stop-loss. Are you buying this dip or waiting for $70K? 👇
#Bitcoin #BTC #Binance $BTC
