What to watch next

Key levels: BTC’s 200-day moving average is around 73,200; a break below that puts 70,000 in focus. A “sustainable recovery” requires reclaiming 76,000 first.

ETH 2,000 is a sentiment line in the sand. There are sizable buy orders below, in the 68,000–72,500 range, while 59,500–62,600 is a concentrated liquidation-risk zone.

Calendar: U.S. initial jobless claims tonight at 21:30, followed by PPI tomorrow night at 21:30; the Fed’s policy meeting is December 8–9.

What would count as a genuine reversal: ETFs shifting from outflows to sustained net inflows + stablecoin supply bottoming out + spot trading volume picking up. Only when all three happen together can we say buyers are back; a rebound driven solely by short covering won’t go far.$BTC $ETH #etf以太坊