$BTC Below 70,000! Tonight’s PPI: Can it deliver a long weekly lower wick and mark a bottom?
The question weighing on many people right now: Is it time to buy the dip? Could prices plunge again? Will we see a powerful rebound over the weekend?
BTC has already fallen to 69199, down more than 6% in 24 hours, with a low of 67568. It is now 5.4% below the 200-day moving average at 73137. The US October PPI report at 21:30 tonight is the key catalyst that could determine whether this weekly candle closes with a long lower wick.
Here are four scenarios, clearly laid out:
Strongly bullish: Headline ≤0.2%, core ≤0.2% Inflation comes in below expectations, and the dollar and Treasury yields retreat. BTC could quickly recover 70500–71500 and then challenge 73100–75500.
Neutral: Headline 0.3%–0.4%, core 0.2%–0.3% The data meets expectations, likely triggering only a modest short-term bounce—not enough to confirm a bottom. There is still a risk of a second dip after the rebound.
Bearish: Headline ≥0.5%, core ≥0.4% Inflation at the producer level remains stubbornly high, raising expectations of Fed rate hikes. If support at 67500 breaks, be prepared for a test of the 65000 area.
Severely bearish: Headline ≥0.6%, core ≥0.5% The market reprices an aggressive rate-hiking path. Leverage and altcoins could face another wave of selling, opening the door to a much deeper decline.
Important reminder: Don’t bet on a direction in advance. Before the data is released, both heavily leveraged dip-buying and chasing shorts carry significant risk. Whether we see a bottoming rebound with a long wick or a breakdown and further decline depends entirely on the PPI results.
Want to follow the data as soon as it comes out, get real-time market analysis, and spot potential entry and exit opportunities? Join us at 聊天室 to watch the market together.
#加密美股齐跌，下轮反弹的驱动力在哪？ #黄仁勋辞任CEO，英伟达战略走向受关注
The question weighing on many people right now: Is it time to buy the dip? Could prices plunge again? Will we see a powerful rebound over the weekend?
BTC has already fallen to 69199, down more than 6% in 24 hours, with a low of 67568. It is now 5.4% below the 200-day moving average at 73137. The US October PPI report at 21:30 tonight is the key catalyst that could determine whether this weekly candle closes with a long lower wick.
Here are four scenarios, clearly laid out:
Strongly bullish: Headline ≤0.2%, core ≤0.2% Inflation comes in below expectations, and the dollar and Treasury yields retreat. BTC could quickly recover 70500–71500 and then challenge 73100–75500.
Neutral: Headline 0.3%–0.4%, core 0.2%–0.3% The data meets expectations, likely triggering only a modest short-term bounce—not enough to confirm a bottom. There is still a risk of a second dip after the rebound.
Bearish: Headline ≥0.5%, core ≥0.4% Inflation at the producer level remains stubbornly high, raising expectations of Fed rate hikes. If support at 67500 breaks, be prepared for a test of the 65000 area.
Severely bearish: Headline ≥0.6%, core ≥0.5% The market reprices an aggressive rate-hiking path. Leverage and altcoins could face another wave of selling, opening the door to a much deeper decline.
Important reminder: Don’t bet on a direction in advance. Before the data is released, both heavily leveraged dip-buying and chasing shorts carry significant risk. Whether we see a bottoming rebound with a long wick or a breakdown and further decline depends entirely on the PPI results.
Want to follow the data as soon as it comes out, get real-time market analysis, and spot potential entry and exit opportunities? Join us at 聊天室 to watch the market together.
#加密美股齐跌，下轮反弹的驱动力在哪？ #黄仁勋辞任CEO，英伟达战略走向受关注
