$BTC
🔥 Inflation hit the market.. Bitcoin below $74K! Will we break $73K?*
The most alarming news of the day is here:
US inflation in October came in at *0.4%*, while expectations were only *0.3%*!
Core inflation came in at *0.3%* instead of *0.2%*
The result? The whole market turned red, and the likelihood of an interest rate hike in December jumped to *85%
The situation now:
$BTC Around $73,600 -2.1%
$ETH around $2,029 -5%
$XRP $-4.3%
$SOL -5.3%
*716 million dollars* worth of contracts were liquidated in just 24 hours, mostly long positions!
The crucial support level now is *$73,000*
If we break it, the next target is *$69,000 - $68,000*
If it holds, we could get back to *$76,000*
The market is now gripped by fear. The Fear and Greed Index is *29, meaning extreme fear.
What do you think?
1️⃣ Do you think $73K will hold and bounce?
2️⃣ Or do you think it will break and we’ll head to $69K?
Write 1 or 2 in the comments 👇
$BTC
#CPI #BTC #Crypto #BinanceSquare
🔥 Inflation hit the market.. Bitcoin below $74K! Will we break $73K?*
The most alarming news of the day is here:
US inflation in October came in at *0.4%*, while expectations were only *0.3%*!
Core inflation came in at *0.3%* instead of *0.2%*
The result? The whole market turned red, and the likelihood of an interest rate hike in December jumped to *85%
The situation now:
$BTC Around $73,600 -2.1%
$ETH around $2,029 -5%
$XRP $-4.3%
$SOL -5.3%
*716 million dollars* worth of contracts were liquidated in just 24 hours, mostly long positions!
The crucial support level now is *$73,000*
If we break it, the next target is *$69,000 - $68,000*
If it holds, we could get back to *$76,000*
The market is now gripped by fear. The Fear and Greed Index is *29, meaning extreme fear.
What do you think?
1️⃣ Do you think $73K will hold and bounce?
2️⃣ Or do you think it will break and we’ll head to $69K?
Write 1 or 2 in the comments 👇
$BTC
#CPI #BTC #Crypto #BinanceSquare