This morning, everyone was asking whether 74,015 could be reclaimed. The price topped out at 74,217 during the day, and briefly hit 74,092 around 10:00. It failed to hold both times, and now it’s heading straight toward 73,510.
Bitcoin is now at 73,612, down about 0.3% over 24 hours. Ethereum is at 2,044, down about 1.2%. Today’s daily candle opened at 74,015 and has already hit a low of 73,544—just a few dozen dollars above Sunday’s low of 73,510.
The Nasdaq rose 1.6% on Wednesday, but crypto not only failed to follow during the day, it kept grinding lower after the morning pullback. UK GDP is due at 15:00 this afternoon, initial jobless claims are at 21:30 tonight, and PPI is due at the same time tomorrow. The tone on rate hikes is still being set by this week’s CPI, and there’s no new data during the day to change the direction.
First, it needs to reclaim and hold above 74,015 before we can talk about the intraday high of 74,217. If it can’t hold, the question is whether 73,510 will hold; if that level gives way, the next level down is the previous low of 72,727.
It’s already down to 73,544. Do you think 73,510 can hold until the U.S. session data comes out?
$BTC $ETH
#比特币连续五周下跌 #CPI comes in above expectations, putting fresh pressure on U.S. stocks and BTC #Strategy could be dropped from MSCI, facing up to $2.8 billion in selling
Bitcoin is now at 73,612, down about 0.3% over 24 hours. Ethereum is at 2,044, down about 1.2%. Today’s daily candle opened at 74,015 and has already hit a low of 73,544—just a few dozen dollars above Sunday’s low of 73,510.
The Nasdaq rose 1.6% on Wednesday, but crypto not only failed to follow during the day, it kept grinding lower after the morning pullback. UK GDP is due at 15:00 this afternoon, initial jobless claims are at 21:30 tonight, and PPI is due at the same time tomorrow. The tone on rate hikes is still being set by this week’s CPI, and there’s no new data during the day to change the direction.
First, it needs to reclaim and hold above 74,015 before we can talk about the intraday high of 74,217. If it can’t hold, the question is whether 73,510 will hold; if that level gives way, the next level down is the previous low of 72,727.
It’s already down to 73,544. Do you think 73,510 can hold until the U.S. session data comes out?
$BTC $ETH
#比特币连续五周下跌 #CPI comes in above expectations, putting fresh pressure on U.S. stocks and BTC #Strategy could be dropped from MSCI, facing up to $2.8 billion in selling