👉BTC may close the week down for the fifth consecutive week as markets await CPI
BTC opened this week around $78,232, briefly climbed above $81,000, then fell to a low near $74,722. It is currently trading around $75,800. If it closes at this level, BTC could post its fifth consecutive weekly decline.
Capital flows are also fairly weak. U.S. spot Bitcoin ETFs recorded total outflows of about $1.28 billion this week. The Fear & Greed Index is in the 25–28 range, indicating fear among investors.
Next Tuesday, the U.S. will release October CPI data. If CPI comes in high, expectations of interest rate hikes could strengthen, putting pressure on risk assets. If inflation cools, market sentiment could improve.
According to Mira, BTC support lies at $75,000–$75,700. If this zone gives way, watch the $73,000 area. Overhead resistance is at $77,300–$78,000, followed by $80,000–$81,000.
If BTC holds above $75,000, it could continue moving sideways while markets await CPI. If it closes below this zone, the risk of a deeper decline will increase.
👉Crypto regulations and next week’s economic calendar
The U.S. CLARITY bill is facing time pressure, and its next steps still depend on Congress. Russia announced that starting November 17, non-professional investors will be able to trade BTC, ETH, and USDT through licensed intermediaries, subject to limits and risk checks.
November 10: U.S. October CPI.
November 11: MSCI index review announced and APT unlock.
November 15: STRK unlock and Solana Breakpoint conference.
In addition, U.S. PPI is due on November 13, and PCE data on November 25.
In summary, the biggest factors next week will still be inflation and expectations for Fed policy. Token unlocks and conferences will mainly affect individual coins. Don’t rush to predict the direction—wait for the data and confirmation from price action.
BTC opened this week around $78,232, briefly climbed above $81,000, then fell to a low near $74,722. It is currently trading around $75,800. If it closes at this level, BTC could post its fifth consecutive weekly decline.
Capital flows are also fairly weak. U.S. spot Bitcoin ETFs recorded total outflows of about $1.28 billion this week. The Fear & Greed Index is in the 25–28 range, indicating fear among investors.
Next Tuesday, the U.S. will release October CPI data. If CPI comes in high, expectations of interest rate hikes could strengthen, putting pressure on risk assets. If inflation cools, market sentiment could improve.
According to Mira, BTC support lies at $75,000–$75,700. If this zone gives way, watch the $73,000 area. Overhead resistance is at $77,300–$78,000, followed by $80,000–$81,000.
If BTC holds above $75,000, it could continue moving sideways while markets await CPI. If it closes below this zone, the risk of a deeper decline will increase.
👉Crypto regulations and next week’s economic calendar
The U.S. CLARITY bill is facing time pressure, and its next steps still depend on Congress. Russia announced that starting November 17, non-professional investors will be able to trade BTC, ETH, and USDT through licensed intermediaries, subject to limits and risk checks.
November 10: U.S. October CPI.
November 11: MSCI index review announced and APT unlock.
November 15: STRK unlock and Solana Breakpoint conference.
In addition, U.S. PPI is due on November 13, and PCE data on November 25.
In summary, the biggest factors next week will still be inflation and expectations for Fed policy. Token unlocks and conferences will mainly affect individual coins. Don’t rush to predict the direction—wait for the data and confirmation from price action.