October CPI rose 0.4% month over month (vs. 0.3% expected), while core CPI rose 0.3% (vs. 0.2% expected)—both came in hotter than expected.
Fed Governor Waller just said last night: if the data runs hot, a 50 bp hike in December could be considered.
The market is now basically betting on a December rate hike. Rate cuts? Don’t even think about it.
BTC reacted by dropping to around 73.6k 📉, ETH also fell back to around 2,070, and U.S. stock futures plunged in tandem.
👉 73k is key support. If it holds, there’s still room to catch your breath. If it breaks, we’ll have to watch 72k or even lower.
👉 76–77k is resistance above (the 200-day moving average is right around 76.5k). Don’t rush to call a reversal unless it gets back above that range.
With interest rates high, cash and U.S. Treasuries are both yielding 4–5%, which will limit BTC’s ability to draw in capital in the short term.
But don’t forget: the panic in every bear market hands coins to those who are prepared.
Manage your position size, and don’t stubbornly hold on with leverage! #CPI高于预期，美股与BTC再度承压 $BTC
Fed Governor Waller just said last night: if the data runs hot, a 50 bp hike in December could be considered.
The market is now basically betting on a December rate hike. Rate cuts? Don’t even think about it.
BTC reacted by dropping to around 73.6k 📉, ETH also fell back to around 2,070, and U.S. stock futures plunged in tandem.
👉 73k is key support. If it holds, there’s still room to catch your breath. If it breaks, we’ll have to watch 72k or even lower.
👉 76–77k is resistance above (the 200-day moving average is right around 76.5k). Don’t rush to call a reversal unless it gets back above that range.
With interest rates high, cash and U.S. Treasuries are both yielding 4–5%, which will limit BTC’s ability to draw in capital in the short term.
But don’t forget: the panic in every bear market hands coins to those who are prepared.
Manage your position size, and don’t stubbornly hold on with leverage! #CPI高于预期，美股与BTC再度承压 $BTC
