$BTC $ETH $SOL
It moved only about $410 in 24 hours, and Saturday’s daily candle was still the narrowest of the month.
BTC is now around 75,863, ETH around 2,238, and SOL around 89.6—all going nowhere.
And it’s not just been flat for a day: price has been grinding around the 50-week moving average near 75,733 for four days now, and it hasn’t touched 75,000 again today.
This weekly candle closes tonight at 19:00 Eastern Time, or 8:00 Monday morning Beijing time.
Whether it closes above or below the moving average will determine whether this is a small down candle in a five-week losing streak, or a chance to catch its footing first.
Two things to watch tonight: futures open at 18:00 Eastern, followed by the Asian markets.
On Monday, Strategy will disclose whether it made its weekly purchase, and Tuesday at 8:30 a.m. brings October’s CPI.
CPI is the last report before the December rate decision. Core month-over-month inflation is expected to be around 0.2%, versus 0.3% previously.
The Fear and Greed Index is at 28, in fear territory. That’s a little less fearful than yesterday’s 25, but still fearful.
So I’m not guessing the direction tonight: a weekly close above 75,733 would offer some short-term relief; a break below 75,000 would take weakness down another notch.
Just my personal view, not investment advice. I’ll be watching the weekly close and CPI when the data comes out. Follow me for the next update.
It moved only about $410 in 24 hours, and Saturday’s daily candle was still the narrowest of the month.
BTC is now around 75,863, ETH around 2,238, and SOL around 89.6—all going nowhere.
And it’s not just been flat for a day: price has been grinding around the 50-week moving average near 75,733 for four days now, and it hasn’t touched 75,000 again today.
This weekly candle closes tonight at 19:00 Eastern Time, or 8:00 Monday morning Beijing time.
Whether it closes above or below the moving average will determine whether this is a small down candle in a five-week losing streak, or a chance to catch its footing first.
Two things to watch tonight: futures open at 18:00 Eastern, followed by the Asian markets.
On Monday, Strategy will disclose whether it made its weekly purchase, and Tuesday at 8:30 a.m. brings October’s CPI.
CPI is the last report before the December rate decision. Core month-over-month inflation is expected to be around 0.2%, versus 0.3% previously.
The Fear and Greed Index is at 28, in fear territory. That’s a little less fearful than yesterday’s 25, but still fearful.
So I’m not guessing the direction tonight: a weekly close above 75,733 would offer some short-term relief; a break below 75,000 would take weakness down another notch.
Just my personal view, not investment advice. I’ll be watching the weekly close and CPI when the data comes out. Follow me for the next update.
