$BTC $ETH $SOL
This week, the Nasdaq fell about 3.4%, while BTC pulled back about 6.5% from its high.
Thursday hurt the most: the Nasdaq dropped 5.5% in a day, and BTC fell about $5,700, from 81,131 to 75,431.
There was a slight rebound on Friday. The Nasdaq closed up about 1.1%, but the week was still negative overall: the Nasdaq went from 25,437 to 24,579, and the S&P 500 from 7,580 to 7,377.
On the crypto side, SOL fell harder: it was around 101 at the end of October and is now around 89.9, down about 11%.
ETH is around 2,243, down about 4% from around 2,338 at the end of October.
BTC is now around 75,847, with the 50-week moving average at about 75,733—right overhead.
75,000 is the level to watch this weekend: hold above it, and we wait for CPI on Monday; break below it, and weakness takes another step down.
CPI for October comes out next Tuesday at 8:30 a.m.—the last report before the December rate decision.
Just my personal opinion, not investment advice. I’ll be watching for sideways trading this weekend. Follow me to see what comes next.
This week, the Nasdaq fell about 3.4%, while BTC pulled back about 6.5% from its high.
Thursday hurt the most: the Nasdaq dropped 5.5% in a day, and BTC fell about $5,700, from 81,131 to 75,431.
There was a slight rebound on Friday. The Nasdaq closed up about 1.1%, but the week was still negative overall: the Nasdaq went from 25,437 to 24,579, and the S&P 500 from 7,580 to 7,377.
On the crypto side, SOL fell harder: it was around 101 at the end of October and is now around 89.9, down about 11%.
ETH is around 2,243, down about 4% from around 2,338 at the end of October.
BTC is now around 75,847, with the 50-week moving average at about 75,733—right overhead.
75,000 is the level to watch this weekend: hold above it, and we wait for CPI on Monday; break below it, and weakness takes another step down.
CPI for October comes out next Tuesday at 8:30 a.m.—the last report before the December rate decision.
Just my personal opinion, not investment advice. I’ll be watching for sideways trading this weekend. Follow me to see what comes next.
