Bitcoin just flushed to $72,727 overnight — its lowest since August 20.
October CPI printed +0.4% vs +0.3% expected at 8:30 AM ET Tuesday, and December Fed hike bets jumped. Risk sold off across the board.
US spot Bitcoin ETFs lost $95M on Tuesday, the 4th straight day of outflows. BlackRock's IBIT alone bled $78.2M.
Fear & Greed sits at 29 (Fear) while Ethereum tests $2,000 after a 3.8% drop to $2,053.
My read for today: $73,000 is the line that matters. It held overnight and the 200-day average at $73,191 is holding right with it. Today is Veterans Day — no fresh US data, bond market closed — so the US session decides this floor. I expect buyers to defend it and drive the first push back toward $75,000.
Below $72,700, this plan is off the table.
Are you buying the dip at $73,000 or waiting for $75,000 to flip back to support first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #CPI
October CPI printed +0.4% vs +0.3% expected at 8:30 AM ET Tuesday, and December Fed hike bets jumped. Risk sold off across the board.
US spot Bitcoin ETFs lost $95M on Tuesday, the 4th straight day of outflows. BlackRock's IBIT alone bled $78.2M.
Fear & Greed sits at 29 (Fear) while Ethereum tests $2,000 after a 3.8% drop to $2,053.
My read for today: $73,000 is the line that matters. It held overnight and the 200-day average at $73,191 is holding right with it. Today is Veterans Day — no fresh US data, bond market closed — so the US session decides this floor. I expect buyers to defend it and drive the first push back toward $75,000.
Below $72,700, this plan is off the table.
Are you buying the dip at $73,000 or waiting for $75,000 to flip back to support first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #CPI
