Crypto Big 4 all red but why? Super depth analysis:
1. $BTC $81,868.03 -1.70% - The King Crashed
Bitcoin fell after today CPI came 3% vs 3.1% forecast. CPI was good but PPI fear tomorrow 12:30 PM is killing it. BTC lost $82k support. Next support $80,500 - if PPI comes above 0.5% we go $79k. If below 0.5% we pump back to $84k. BTC dominance down today which is why small coins like WAL pumped 58%.
2. $ETH $2,435.46 -3.02% - Worst Hit
ETH down double than BTC. Reason - ETH/BTC ratio at yearly low. When BTC dumps, ETH dumps 2x. $2,400 is key. If ETH holds $2,400 till PPI, good sign for altseason. If breaks $2,400, next is $2,250. Gas fees low so network okay, price just following BTC fear.
3. $BNB $730.69 -1.52% - Strongest of 4
BNB only -1.52% vs ETH -3.02%. BNB holding because of Binance burn and BSC activity. $730 holding above $700 is bullish. If BTC crashes to $80k, BNB will hold $700. If PPI bullish, BNB first to go $750+. This is the safe coin in this list tonight.
4. #SOL $104.73 -2.96% - Risk On Risk Off
SOL almost same as ETH -2.96%. SOL is high beta - pumps more, dumps more. $104 is psychological. Lost $110 support after CPI. Next $100 must hold. If BTC goes $79k on hot PPI, SOL goes $96. If PPI cool, SOL goes $115 fast.
Overall market summary:
All 4 red because of PPI fear tomorrow. This is not real selling, this is hedge. Big players short before PPI 12:30 PM. If PPI comes 0.3% to 0.4%, all 4 green +5% in 1 hour. If PPI 0.6%+, add another -3% more.
My take: Market wants to go up but waiting for PPI <0.5%. BNB strongest, ETH weakest tonight.
Which one you buying in this red? Comment.
#CPIWatch
#PPIReport
#BTC #ETH #SOL
1. $BTC $81,868.03 -1.70% - The King Crashed
Bitcoin fell after today CPI came 3% vs 3.1% forecast. CPI was good but PPI fear tomorrow 12:30 PM is killing it. BTC lost $82k support. Next support $80,500 - if PPI comes above 0.5% we go $79k. If below 0.5% we pump back to $84k. BTC dominance down today which is why small coins like WAL pumped 58%.
2. $ETH $2,435.46 -3.02% - Worst Hit
ETH down double than BTC. Reason - ETH/BTC ratio at yearly low. When BTC dumps, ETH dumps 2x. $2,400 is key. If ETH holds $2,400 till PPI, good sign for altseason. If breaks $2,400, next is $2,250. Gas fees low so network okay, price just following BTC fear.
3. $BNB $730.69 -1.52% - Strongest of 4
BNB only -1.52% vs ETH -3.02%. BNB holding because of Binance burn and BSC activity. $730 holding above $700 is bullish. If BTC crashes to $80k, BNB will hold $700. If PPI bullish, BNB first to go $750+. This is the safe coin in this list tonight.
4. #SOL $104.73 -2.96% - Risk On Risk Off
SOL almost same as ETH -2.96%. SOL is high beta - pumps more, dumps more. $104 is psychological. Lost $110 support after CPI. Next $100 must hold. If BTC goes $79k on hot PPI, SOL goes $96. If PPI cool, SOL goes $115 fast.
Overall market summary:
All 4 red because of PPI fear tomorrow. This is not real selling, this is hedge. Big players short before PPI 12:30 PM. If PPI comes 0.3% to 0.4%, all 4 green +5% in 1 hour. If PPI 0.6%+, add another -3% more.
My take: Market wants to go up but waiting for PPI <0.5%. BNB strongest, ETH weakest tonight.
Which one you buying in this red? Comment.
#CPIWatch
#PPIReport
#BTC #ETH #SOL
