🌍 BTC wicked down to 80,985 this morning, then bounced back to 83,600: four global data points show what’s weighing on it
Brent crude at $106.65, its highest close in two weeks; 10-year US Treasury yield around 5.3%
Ahead of tomorrow night’s 20:30 CPI release, is BTC forming a bottom or hitting resistance on its rebound?
🌐 Global data (US Eastern close, October 12):
· 🛢️ Oil: Brent $106.65, WTI $93.74; tensions in the Middle East escalate
· 📈 US Treasuries: 10-year yield around 5.3%, still elevated
· 📉 US stocks: Nasdaq -0.44%, S&P 500 -0.06%, Dow +0.38%
· 🥇 Gold: COMEX 4,195.9, -0.48%; stronger US dollar
📍 BTC: 83,616｜24h range 80,985 to 84,340｜7-day change -1.88%
24-hour liquidations at one point neared $490 million, with longs accounting for 83%
🔍 Takeaway: Oil and US Treasuries are the main drivers. The stronger dollar is weighing on both gold and BTC.
🎯 Key levels: 84,340 and 85,000 above; 82,500 and 80,985 below.
📅 US September CPI tomorrow night at 20:30, PPI on Thursday, and Fed Chair Warsh speaks on Friday.
Can BTC hold 82,500 ahead of CPI? Comment A for hold / B for break below 👇
$BTC $ETH #cpi $OGN
Brent crude at $106.65, its highest close in two weeks; 10-year US Treasury yield around 5.3%
Ahead of tomorrow night’s 20:30 CPI release, is BTC forming a bottom or hitting resistance on its rebound?
🌐 Global data (US Eastern close, October 12):
· 🛢️ Oil: Brent $106.65, WTI $93.74; tensions in the Middle East escalate
· 📈 US Treasuries: 10-year yield around 5.3%, still elevated
· 📉 US stocks: Nasdaq -0.44%, S&P 500 -0.06%, Dow +0.38%
· 🥇 Gold: COMEX 4,195.9, -0.48%; stronger US dollar
📍 BTC: 83,616｜24h range 80,985 to 84,340｜7-day change -1.88%
24-hour liquidations at one point neared $490 million, with longs accounting for 83%
🔍 Takeaway: Oil and US Treasuries are the main drivers. The stronger dollar is weighing on both gold and BTC.
🎯 Key levels: 84,340 and 85,000 above; 82,500 and 80,985 below.
📅 US September CPI tomorrow night at 20:30, PPI on Thursday, and Fed Chair Warsh speaks on Friday.
Can BTC hold 82,500 ahead of CPI? Comment A for hold / B for break below 👇
$BTC $ETH #cpi $OGN