Today’s outlook
$BTC Short again if it rebounds to 83,235–83,500, with a target of 81,700. If it breaks below 79,500, you can also chase the short. No longs today.
$ETH Short again if it rebounds to 2,520–2,545, with a target of 2,440. Don’t chase below 2,450.
$ZEC Short again if it rebounds to 1,246–1,270, with a target of 1,186. Shorts are crowded, so keep stops tight.
Key factors with the biggest impact
1. Trump said he won’t strike Iran before the election. Oil prices pulled back, but the risk has only been postponed.
2. U.S. inflation expectations rose to their highest level since May, keeping markets cautious ahead of the CPI report.
3. After options settlement, BTC surged to around 83,500 before pulling back.
4. BTC and ETH ETFs are still seeing outflows.
5. An application for a Zcash ETF has been filed.
#BTC spot ETFs post their largest single-day net outflow in nearly three and a half months
#BTC☀
$BTC Short again if it rebounds to 83,235–83,500, with a target of 81,700. If it breaks below 79,500, you can also chase the short. No longs today.
$ETH Short again if it rebounds to 2,520–2,545, with a target of 2,440. Don’t chase below 2,450.
$ZEC Short again if it rebounds to 1,246–1,270, with a target of 1,186. Shorts are crowded, so keep stops tight.
Key factors with the biggest impact
1. Trump said he won’t strike Iran before the election. Oil prices pulled back, but the risk has only been postponed.
2. U.S. inflation expectations rose to their highest level since May, keeping markets cautious ahead of the CPI report.
3. After options settlement, BTC surged to around 83,500 before pulling back.
4. BTC and ETH ETFs are still seeing outflows.
5. An application for a Zcash ETF has been filed.
#BTC spot ETFs post their largest single-day net outflow in nearly three and a half months
#BTC☀