Four dates decide how this week reads for $BTC, and the first is today.
• Nov 10, 06:00 UTC: Upbit opens $HYPE trading against KRW, BTC and USDT (CoinNess)
• Nov 10, 8:30 am ET: US October CPI. Consensus is +0.3% headline and +0.2% core, versus +0.6% and +0.3% in September (Dow Jones, via CoinDesk)
• Nov 13: producer prices
• Nov 18: minutes of the Fed's October meeting
• Nov 25: PCE, the Fed's preferred inflation gauge
My read: a soft CPI probably buys a bounce, not a trend. BRN says a daily close under $73,000 could open the way to $70,000, and spot ETF flows are still negative, so the bounce needs real buyers behind it. If a hot print revives December hike talk, that $73K shelf is the first thing to test.
Which date on this list worries you most?
#CPI #Bitcoin #Hyperliquid Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
• Nov 10, 06:00 UTC: Upbit opens $HYPE trading against KRW, BTC and USDT (CoinNess)
• Nov 10, 8:30 am ET: US October CPI. Consensus is +0.3% headline and +0.2% core, versus +0.6% and +0.3% in September (Dow Jones, via CoinDesk)
• Nov 13: producer prices
• Nov 18: minutes of the Fed's October meeting
• Nov 25: PCE, the Fed's preferred inflation gauge
My read: a soft CPI probably buys a bounce, not a trend. BRN says a daily close under $73,000 could open the way to $70,000, and spot ETF flows are still negative, so the bounce needs real buyers behind it. If a hot print revives December hike talk, that $73K shelf is the first thing to test.
Which date on this list worries you most?
#CPI #Bitcoin #Hyperliquid Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.