【Evening Close | Bulls and bears hold their ground ahead of CPI, BTC trades in a narrow range】
Market recap for today (data as of 21:00 UTC+8, sources: CoinGlass/CoinGecko/Yahoo Finance):
$BTC was around $74,500 (24h range: $74,020–$75,548), essentially flat on the day, with a weak rebound. Key support: $74,300 and $72,000; resistance above: $76,300. $ETH was around $2,120, down approximately 1.8–4.7% on the day and more than 6% for the week, underperforming BTC. $BNB was around $689, with slight fluctuations on the day; it remains down about 8% for the month, making it the most resilient of the three major coins.
Today's event highlights:
① US October CPI will be released tonight at 20:30 (8:30 a.m. ET). Markets expect a month-over-month increase of 0.2%; a higher-than-expected reading would reinforce expectations of a December rate hike (CME FedWatch shows 84% of traders are betting on a hike), making it this week's biggest potential market mover. ② Spot ETFs continue to see outflows: BTC ETFs recorded $201 million in net outflows on 11/9 (three consecutive days of outflows, according to Farside data), while ETH ETFs saw $185 million in outflows on the same day. ③ More than $1 billion in positions were liquidated across the market on Sunday, mostly longs; leveraged sentiment has yet to recover.
Outlook for the next day:
Before the CPI release, prices are expected to remain in a narrow $74,000–$76,000 range. If the data comes in hotter than expected, watch for a break below $73,700 and a further move down toward the $72,000 trendline. If prices pull back and stabilize, look for a recovery to $76,500. Keep leverage low overnight; don't bet on a one-way move.
Sources: CoinGlass, CoinGecko, Farside Investors, crypto.news, Moneycontrol
Are you betting on CPI being bullish or bearish? Share your position in the comments 👇
#收盘 #行情回顾 #Cryptocurrency
Market recap for today (data as of 21:00 UTC+8, sources: CoinGlass/CoinGecko/Yahoo Finance):
$BTC was around $74,500 (24h range: $74,020–$75,548), essentially flat on the day, with a weak rebound. Key support: $74,300 and $72,000; resistance above: $76,300. $ETH was around $2,120, down approximately 1.8–4.7% on the day and more than 6% for the week, underperforming BTC. $BNB was around $689, with slight fluctuations on the day; it remains down about 8% for the month, making it the most resilient of the three major coins.
Today's event highlights:
① US October CPI will be released tonight at 20:30 (8:30 a.m. ET). Markets expect a month-over-month increase of 0.2%; a higher-than-expected reading would reinforce expectations of a December rate hike (CME FedWatch shows 84% of traders are betting on a hike), making it this week's biggest potential market mover. ② Spot ETFs continue to see outflows: BTC ETFs recorded $201 million in net outflows on 11/9 (three consecutive days of outflows, according to Farside data), while ETH ETFs saw $185 million in outflows on the same day. ③ More than $1 billion in positions were liquidated across the market on Sunday, mostly longs; leveraged sentiment has yet to recover.
Outlook for the next day:
Before the CPI release, prices are expected to remain in a narrow $74,000–$76,000 range. If the data comes in hotter than expected, watch for a break below $73,700 and a further move down toward the $72,000 trendline. If prices pull back and stabilize, look for a recovery to $76,500. Keep leverage low overnight; don't bet on a one-way move.
Sources: CoinGlass, CoinGecko, Farside Investors, crypto.news, Moneycontrol
Are you betting on CPI being bullish or bearish? Share your position in the comments 👇
#收盘 #行情回顾 #Cryptocurrency