š¤”WEEKLY MARKET PULSE (MARKET SENTIMENT TODAY) AT THIS HOURš¤”
š»Seventy-four minutes before the weekly candle closes, $BTC sits near $63,880 after cracking $64,000
šµThat break hurt. About $691M in positions got liquidated in a single hour, and 97% of it was longs (TokenPost data). The day's low printed at $63,408. On the week, bitcoin is down roughly 14% from about $75,750 on Nov 7.
šThe rest of the board:
ā¢ $ETH ~$1,829 (ā5.8%), low $1,813
ā¢ SOL ~$69.9 (ā11.1%), under $70
ā¢ $XRP ~$0.90 (ā10.7%)
šWhy the pressure keeps coming: the US 10-year yield closed at 5.15%, the dollar index sits at a 19-month high, and markets now fully price a quarter-point Fed hike at the Dec 8ā9 meeting.
š„One quieter number: mining difficulty just dropped 9.13%, the largest cut since June. Miners get some relief, though it doesn't move price on its own.
š„Into the close, $64K is the line. A weekly candle back above it would leave a long wick. A close below sets up $62K as the next level traders watch.
š¤·Does BTC close the week above or below $64K? š
#BTC #CryptoNews #Write2Earn #Fed #MarketSentimentToday
Educational content, not financial advice. DYOR.
š»Seventy-four minutes before the weekly candle closes, $BTC sits near $63,880 after cracking $64,000
šµThat break hurt. About $691M in positions got liquidated in a single hour, and 97% of it was longs (TokenPost data). The day's low printed at $63,408. On the week, bitcoin is down roughly 14% from about $75,750 on Nov 7.
šThe rest of the board:
ā¢ $ETH ~$1,829 (ā5.8%), low $1,813
ā¢ SOL ~$69.9 (ā11.1%), under $70
ā¢ $XRP ~$0.90 (ā10.7%)
šWhy the pressure keeps coming: the US 10-year yield closed at 5.15%, the dollar index sits at a 19-month high, and markets now fully price a quarter-point Fed hike at the Dec 8ā9 meeting.
š„One quieter number: mining difficulty just dropped 9.13%, the largest cut since June. Miners get some relief, though it doesn't move price on its own.
š„Into the close, $64K is the line. A weekly candle back above it would leave a long wick. A close below sets up $62K as the next level traders watch.
š¤·Does BTC close the week above or below $64K? š
#BTC #CryptoNews #Write2Earn #Fed #MarketSentimentToday
Educational content, not financial advice. DYOR.
