$BTC 11 On the morning of the 10th, Bitcoin traded below $75,000 as the market awaited U.S. October CPI. There will be no year-over-year data this time—the government shutdown last October left the Bureau of Labor Statistics unable to compile a complete index. Economists expect headline inflation to rise 0.3% month over month and core inflation 0.2%, both slower than in September.
BRN analysts say easing inflation expectations are favorable for risk assets, but Bitcoin needs real buying demand. Until ETF flows turn positive and the Fed turns dovish, the path of least resistance remains downward. Bitget Wallet takes a similar view: a moderate reading would be enough for only a brief rebound; a sustained recovery depends on improving liquidity and spot demand.
CPI will determine how far the rebound can go, not its direction. $73,000–$74,000 is key support; a daily close below $73,000 could prompt momentum traders to push the price down to $70,000. Demand will return only if Bitcoin climbs above $80,000. For now, watch for the day ETF flows turn positive.
#比特币 #CPI #Fund Flows
BRN analysts say easing inflation expectations are favorable for risk assets, but Bitcoin needs real buying demand. Until ETF flows turn positive and the Fed turns dovish, the path of least resistance remains downward. Bitget Wallet takes a similar view: a moderate reading would be enough for only a brief rebound; a sustained recovery depends on improving liquidity and spot demand.
CPI will determine how far the rebound can go, not its direction. $73,000–$74,000 is key support; a daily close below $73,000 could prompt momentum traders to push the price down to $70,000. Demand will return only if Bitcoin climbs above $80,000. For now, watch for the day ETF flows turn positive.
#比特币 #CPI #Fund Flows