📌 Tonight’s market snapshot — macro pressures weigh heavily, BTC retests the lows around 80K
Bro, buckle up—this afternoon’s session was packed with hot data:
• U.S. September PPI: +1.3% MoM, nearly 3x the 0.5% forecast; YoY +6.3% vs. 5.3% expected. Input inflation is running much hotter, and hopes for Fed easing are fading further.
• September retail sales: +0.8%, beating the 0.3% forecast — Americans are still spending heavily, giving the Fed no reason to rush into cooling its policy.
• Add yesterday’s hotter-than-expected CPI (+3.7% vs. 3.6% forecast), and the rate outlook is now firmly tilted hawkish. Bad news for risk assets.
Market data (Binance data, 8 p.m. Vietnam time):
• $BTC: 80,690 (-2.64%/24h), broke below both EMA20 and EMA50, 1H RSI at 33.5, nearing oversold — sellers are in control.
• $ETH: 2,352 (-5.22%/24h), falling harder than BTC.
• Market breadth: 38/217 pairs in the green (17.5%) — a broad sell-off.
• Support at 80,230 / resistance at 84,350 (chart projects 2 scenarios for the next 18 hours).
Quick take: bad macro + weak technicals = stay defensive. Bro, if you’re trading with leverage, manage your capital very carefully—don’t try to catch a falling knife here.
Data analysis, not investment advice.
#Bitcoin #Crypto #PPI #BTC
Bro, buckle up—this afternoon’s session was packed with hot data:
• U.S. September PPI: +1.3% MoM, nearly 3x the 0.5% forecast; YoY +6.3% vs. 5.3% expected. Input inflation is running much hotter, and hopes for Fed easing are fading further.
• September retail sales: +0.8%, beating the 0.3% forecast — Americans are still spending heavily, giving the Fed no reason to rush into cooling its policy.
• Add yesterday’s hotter-than-expected CPI (+3.7% vs. 3.6% forecast), and the rate outlook is now firmly tilted hawkish. Bad news for risk assets.
Market data (Binance data, 8 p.m. Vietnam time):
• $BTC: 80,690 (-2.64%/24h), broke below both EMA20 and EMA50, 1H RSI at 33.5, nearing oversold — sellers are in control.
• $ETH: 2,352 (-5.22%/24h), falling harder than BTC.
• Market breadth: 38/217 pairs in the green (17.5%) — a broad sell-off.
• Support at 80,230 / resistance at 84,350 (chart projects 2 scenarios for the next 18 hours).
Quick take: bad macro + weak technicals = stay defensive. Bro, if you’re trading with leverage, manage your capital very carefully—don’t try to catch a falling knife here.
Data analysis, not investment advice.
#Bitcoin #Crypto #PPI #BTC