The first thing I did when I woke up this morning was check the price again.
$BTC is stuck at $75,000, after dipping to $73,700 again last night.
But it’s not the price that really made me frown—it’s the weekly chart.
Last week closed at $74,968, with the 50-week moving average sitting around $75,200–$75,500.
For the first time in seven weeks, the weekly close fell below that line.
Even more unsettling is the data from Glassnode:
Whales on Hyperliquid have flipped from net long to net short.
These traders usually have the sharpest instincts. CPI doesn’t come out until 21:30 tonight, but they’ve already lined up their short positions.
Things aren’t looking much better on the ETF front either. There were $1.28 billion in net outflows last week—the biggest weekly outflow since late June.
The Fear & Greed Index is at 29, and the RSI is at 36: getting close to oversold, but not there yet.
Put simply, tonight’s CPI release isn’t about betting on whether prices will rise or fall—it’s about whether those who got out early will be proven wrong.
Expectations are hovering around 0.2%. A lower reading could trigger a short-covering rally.
A higher one, and that $74,000 support level will have to be tested again.
Are you watching the charts tonight, or going straight to bed and checking the results tomorrow?
$BTC $ETH
#市场观察 #技术分析 #CPI
This is not investment advice. DYOR. Trading involves risk.
$BTC is stuck at $75,000, after dipping to $73,700 again last night.
But it’s not the price that really made me frown—it’s the weekly chart.
Last week closed at $74,968, with the 50-week moving average sitting around $75,200–$75,500.
For the first time in seven weeks, the weekly close fell below that line.
Even more unsettling is the data from Glassnode:
Whales on Hyperliquid have flipped from net long to net short.
These traders usually have the sharpest instincts. CPI doesn’t come out until 21:30 tonight, but they’ve already lined up their short positions.
Things aren’t looking much better on the ETF front either. There were $1.28 billion in net outflows last week—the biggest weekly outflow since late June.
The Fear & Greed Index is at 29, and the RSI is at 36: getting close to oversold, but not there yet.
Put simply, tonight’s CPI release isn’t about betting on whether prices will rise or fall—it’s about whether those who got out early will be proven wrong.
Expectations are hovering around 0.2%. A lower reading could trigger a short-covering rally.
A higher one, and that $74,000 support level will have to be tested again.
Are you watching the charts tonight, or going straight to bed and checking the results tomorrow?
$BTC $ETH
#市场观察 #技术分析 #CPI
This is not investment advice. DYOR. Trading involves risk.