Mi Ge, let me start with a divergence: U.S. stocks surged yesterday, with the Dow up 2.15%, the Nasdaq up 2.74%, and the Philadelphia Semiconductor Index jumping 6.85%. Chip stocks all bounced back, but Bitcoin didn't follow suit.
It was back above $75,000 this morning, but slipped again by midday, with the latest snapshot at around $74,758. It even fell as low as $73,750 last night. After five straight weeks of losses and about $1.28 billion in ETF outflows in a single week, bulls haven't had much of a chance to recover—and the 50-week moving average has already been breached.
October CPI is also due at 9:30 p.m. tonight, so let's not rush to conclusions before the data comes out. Mi Ge's take is simple: Bitcoin reclaimed $75,000 once, then lost it again. Getting back above it doesn't mean it's holding. Before the CPI report, let's see if it can climb back above $75,000. What do you think: before tonight's data, will the price test $75,000 first, or pull back to $73,750 first?
#比特币站回又失守美股大涨没跟上
It was back above $75,000 this morning, but slipped again by midday, with the latest snapshot at around $74,758. It even fell as low as $73,750 last night. After five straight weeks of losses and about $1.28 billion in ETF outflows in a single week, bulls haven't had much of a chance to recover—and the 50-week moving average has already been breached.
October CPI is also due at 9:30 p.m. tonight, so let's not rush to conclusions before the data comes out. Mi Ge's take is simple: Bitcoin reclaimed $75,000 once, then lost it again. Getting back above it doesn't mean it's holding. Before the CPI report, let's see if it can climb back above $75,000. What do you think: before tonight's data, will the price test $75,000 first, or pull back to $73,750 first?
#比特币站回又失守美股大涨没跟上