There’s a livestream at 8 tonight—I’m planning to tune in 👀
Square’s fourth earnings-season preview livestream
Starts tonight at 20:00
We’ll be talking about Nvidia’s earnings and AI valuations
Why it’s worth a look
$BTC has been stuck between 73,400 and 74,800 for the past three days
It doesn’t follow the Nasdaq higher
And it doesn’t panic when Nvidia falls
It’s clearly decoupled from U.S. stocks
But decoupling doesn’t mean it has a clear direction
Overhead is the average cost basis of short-term holders at 75,600
CoinGlass says the next support below is around 68,000
This narrow range in between
is where everyone is standing right now
Tonight’s livestream is one thing to watch
Tomorrow night’s PPI at 21:30 is another
CPI just came in hotter than expected, pushing the odds of a December rate hike to nearly 90%
If PPI comes in hot too
then 73,000 will really be put to the test
The reverse is true, too
If PPI cools down
that 75,600 cost-basis line
will be the first level the bulls try to reclaim
So I’m not rushing to a conclusion tonight
I’ll first see what they say about AI valuations on the livestream
then wait for tomorrow night’s data
What about you?
Before PPI, are you leaning toward sitting this one out
or do you think 73,000 has already fallen as far as it can?
$BTC
#市场观察 #比特币 #PPI
This is not investment advice. DYOR; trading involves risk.
Square’s fourth earnings-season preview livestream
Starts tonight at 20:00
We’ll be talking about Nvidia’s earnings and AI valuations
Why it’s worth a look
$BTC has been stuck between 73,400 and 74,800 for the past three days
It doesn’t follow the Nasdaq higher
And it doesn’t panic when Nvidia falls
It’s clearly decoupled from U.S. stocks
But decoupling doesn’t mean it has a clear direction
Overhead is the average cost basis of short-term holders at 75,600
CoinGlass says the next support below is around 68,000
This narrow range in between
is where everyone is standing right now
Tonight’s livestream is one thing to watch
Tomorrow night’s PPI at 21:30 is another
CPI just came in hotter than expected, pushing the odds of a December rate hike to nearly 90%
If PPI comes in hot too
then 73,000 will really be put to the test
The reverse is true, too
If PPI cools down
that 75,600 cost-basis line
will be the first level the bulls try to reclaim
So I’m not rushing to a conclusion tonight
I’ll first see what they say about AI valuations on the livestream
then wait for tomorrow night’s data
What about you?
Before PPI, are you leaning toward sitting this one out
or do you think 73,000 has already fallen as far as it can?
$BTC
#市场观察 #比特币 #PPI
This is not investment advice. DYOR; trading involves risk.