Last night, CPI came in hotter than expected, and $BTC briefly fell below $73,000. Here are a few signals worth watching 👇
1️⃣ US CPI rose 0.4% month over month in October, while core CPI rose 0.3%—both above expectations of 0.3% and 0.2%, respectively. Because of last year's government shutdown, year-over-year figures weren't released this time. This is the final CPI report before the December rate decision.
2️⃣ $BTC fell as low as $72,787, briefly dropping below $73,000. It has now recovered to around $73,500, down about 2.2% over 24 hours. $ETH came close to $2,000 overnight and is now around $2,048, down about 3.7%.
3️⃣ More than $650 million in positions were liquidated across the crypto market over the past 24 hours, with longs accounting for over $530 million. The Fear & Greed Index dropped from 32 to 26, remaining in the fear zone.
4️⃣ Altcoins fell harder: $SOL and $XRP were both down more than 4%; $BNB held up relatively well, down about 1.6%.
5️⃣ Rate hike expectations have been repriced: a December hike is now almost a foregone conclusion, and the core figures also hit the threshold Waller previously cited as potentially warranting a 50-basis-point hike.
📌 My take: In the short term, watch the $73,000 support level. It was already breached overnight, dipping to $72,800, but recovered by morning. If BTC can't reclaim $74,000, the rebound remains weak; a break below last night's low would significantly increase pressure. For $ETH, keep a close eye on $2,000. Don't take on too much leverage—PPI is also due Friday.
Do you think the $73,000 support level will hold? Let's talk in the comments 👇
#BTC #ETH #SOL #BNB #CPI #币安广场
These are solely my personal views and do not constitute investment advice
1️⃣ US CPI rose 0.4% month over month in October, while core CPI rose 0.3%—both above expectations of 0.3% and 0.2%, respectively. Because of last year's government shutdown, year-over-year figures weren't released this time. This is the final CPI report before the December rate decision.
2️⃣ $BTC fell as low as $72,787, briefly dropping below $73,000. It has now recovered to around $73,500, down about 2.2% over 24 hours. $ETH came close to $2,000 overnight and is now around $2,048, down about 3.7%.
3️⃣ More than $650 million in positions were liquidated across the crypto market over the past 24 hours, with longs accounting for over $530 million. The Fear & Greed Index dropped from 32 to 26, remaining in the fear zone.
4️⃣ Altcoins fell harder: $SOL and $XRP were both down more than 4%; $BNB held up relatively well, down about 1.6%.
5️⃣ Rate hike expectations have been repriced: a December hike is now almost a foregone conclusion, and the core figures also hit the threshold Waller previously cited as potentially warranting a 50-basis-point hike.
📌 My take: In the short term, watch the $73,000 support level. It was already breached overnight, dipping to $72,800, but recovered by morning. If BTC can't reclaim $74,000, the rebound remains weak; a break below last night's low would significantly increase pressure. For $ETH, keep a close eye on $2,000. Don't take on too much leverage—PPI is also due Friday.
Do you think the $73,000 support level will hold? Let's talk in the comments 👇
#BTC #ETH #SOL #BNB #CPI #币安广场
These are solely my personal views and do not constitute investment advice