CPI Countdown: Rates Set the Tone, ZEC Draws Attention Against the Trend
Beijing time, Nov. 8, 23:42. The 10-year U.S. Treasury yield is around 4.87%, and the dollar is firm. Ahead of the U.S. CPI release at 21:30 on Nov. 10, risk assets look more like they’re staging a weak recovery than a reversal. Don’t mistake a rebound for a trend change. AI trades are still under scrutiny over both financing costs and valuations, while gold continues to take its cue from real interest rates.
BTC 76,058: up 0.34% over 24 hours, but still under pressure on the four-hour chart. A sustained move above 76,420 would signal a stronger recovery. Support: 75,800, 74,888; resistance: 76,250, 76,420.
ETH 2,241.2: moving sideways in the short term, with slightly better strength than most altcoins. Until it breaks above 2,254, expect continued range-bound trading. Support: 2,223, 2,206; resistance: 2,254, 2,280.
SOL 89.74: still weak over the past seven days. Oversold doesn’t mean a bottom is in; reclaiming 90.72 would open room for a recovery. Support: 88.73, 88.30; resistance: 90.15, 90.72.
ZEC 1,273.6: up 1.35% over 24 hours. The upgrade catalyst is still in play, but high volatility and long liquidations are both present—don’t chase the price. Support: 1,237, 1,213; resistance: 1,290, 1,330.
Gold at 4,074.9 and the Nasdaq at 24,579.4 are both at their Nov. 6 closing levels: gold remains under pressure in the medium term, while the Nasdaq is rebounding after a decline. Gold support: 4,037, 3,928; resistance: 4,116, 4,156. Nasdaq support: 24,508, 24,262; resistance: 24,826, 25,146.
For now, let’s keep our eyes on just two things: whether CPI can cool interest rates, and whether ZEC can hold above 1,290 on rising volume. Until key levels break, patience matters more than quick moves. #SOXL $SOXL
Beijing time, Nov. 8, 23:42. The 10-year U.S. Treasury yield is around 4.87%, and the dollar is firm. Ahead of the U.S. CPI release at 21:30 on Nov. 10, risk assets look more like they’re staging a weak recovery than a reversal. Don’t mistake a rebound for a trend change. AI trades are still under scrutiny over both financing costs and valuations, while gold continues to take its cue from real interest rates.
BTC 76,058: up 0.34% over 24 hours, but still under pressure on the four-hour chart. A sustained move above 76,420 would signal a stronger recovery. Support: 75,800, 74,888; resistance: 76,250, 76,420.
ETH 2,241.2: moving sideways in the short term, with slightly better strength than most altcoins. Until it breaks above 2,254, expect continued range-bound trading. Support: 2,223, 2,206; resistance: 2,254, 2,280.
SOL 89.74: still weak over the past seven days. Oversold doesn’t mean a bottom is in; reclaiming 90.72 would open room for a recovery. Support: 88.73, 88.30; resistance: 90.15, 90.72.
ZEC 1,273.6: up 1.35% over 24 hours. The upgrade catalyst is still in play, but high volatility and long liquidations are both present—don’t chase the price. Support: 1,237, 1,213; resistance: 1,290, 1,330.
Gold at 4,074.9 and the Nasdaq at 24,579.4 are both at their Nov. 6 closing levels: gold remains under pressure in the medium term, while the Nasdaq is rebounding after a decline. Gold support: 4,037, 3,928; resistance: 4,116, 4,156. Nasdaq support: 24,508, 24,262; resistance: 24,826, 25,146.
For now, let’s keep our eyes on just two things: whether CPI can cool interest rates, and whether ZEC can hold above 1,290 on rising volume. Until key levels break, patience matters more than quick moves. #SOXL $SOXL
