U.S. CPI came in hotter than expected tonight (7:30 PM), bro 🔥
Headline +3.7% YoY (expected 3.6%, previous 3.4%), core +2.6% YoY (expected 2.5%). Energy is still the culprit — Brent hovering around $106.
The Fed has another reason to keep its hawkish tone: 2Y yields jumped to 4.91%, and U.S. stocks turned red right after the data. The odds of a year-end rate hike are looking increasingly serious.
But look at $BTC : 82,794 (-0.57%) — holding firm after the CPI shock, neither rising nor breaking down. That’s what matters. $ETH 2,477 (-0.94%) is similar.
📊 Technicals:
• Price is below EMA20/50 (83,310 / 83,291) — support at 81,034, resistance at 84,352
• 1H RSI at 39.3, weakening and nearing oversold territory
• Market breadth is deeply red: only 22.9% of pairs are in the green
⚡ Top movers:
• GLMR +15.6%, AVA +15% — two new names making moves today
• GNS, WAL are still holding up well (detailed analysis in the 11 AM & 2 PM posts)
• NFP -65.8%, VANRY -37.1% — thinly traded coins getting dumped hard
📅 Tomorrow, 15/10, brings U.S. PPI and retail sales. Today’s hot CPI has set the stage — if PPI is hot too, a retest of 81k for BTC is a very real possibility.
Data analysis, not investment advice.
#Bitcoin #Crypto #CPI
Headline +3.7% YoY (expected 3.6%, previous 3.4%), core +2.6% YoY (expected 2.5%). Energy is still the culprit — Brent hovering around $106.
The Fed has another reason to keep its hawkish tone: 2Y yields jumped to 4.91%, and U.S. stocks turned red right after the data. The odds of a year-end rate hike are looking increasingly serious.
But look at $BTC : 82,794 (-0.57%) — holding firm after the CPI shock, neither rising nor breaking down. That’s what matters. $ETH 2,477 (-0.94%) is similar.
📊 Technicals:
• Price is below EMA20/50 (83,310 / 83,291) — support at 81,034, resistance at 84,352
• 1H RSI at 39.3, weakening and nearing oversold territory
• Market breadth is deeply red: only 22.9% of pairs are in the green
⚡ Top movers:
• GLMR +15.6%, AVA +15% — two new names making moves today
• GNS, WAL are still holding up well (detailed analysis in the 11 AM & 2 PM posts)
• NFP -65.8%, VANRY -37.1% — thinly traded coins getting dumped hard
📅 Tomorrow, 15/10, brings U.S. PPI and retail sales. Today’s hot CPI has set the stage — if PPI is hot too, a retest of 81k for BTC is a very real possibility.
Data analysis, not investment advice.
#Bitcoin #Crypto #CPI