$BTC Rebounds to $82,356 After $79,800 Dip! 🚨
Yesterday was full drama:
BTC dumped to $79,800, then recovered back to $82,356. ETH also recovered to $2,452.
Why did the market crash?
🇺🇸 US CPI came in at 3.7%, forecast was 3.6% - HOT!
🇺🇸 US PPI came in at 6.3%, forecast was 5.3% - DOUBLE HOT!
Fear of Fed rate hikes shook the whole market.
Liquidation Storm:
~$939M liquidated in 24h, 84% were LONGs. $286M in ETH and $215M in BTC longs got wiped out. The largest single liquidation was a $12M BTC long on Binance.
What next?
$80,000 is now the key support. If it holds above it, BTC can go to $83K-$84.5K. If it breaks below, we could test $75K.
FOMC Meeting is on 27-28 Oct, market will stay volatile till then.
Are you Long or Short? Tell me in comments 👇
#BTC #bitcoin #ETH #CPI #BinanceSquare
Yesterday was full drama:
BTC dumped to $79,800, then recovered back to $82,356. ETH also recovered to $2,452.
Why did the market crash?
🇺🇸 US CPI came in at 3.7%, forecast was 3.6% - HOT!
🇺🇸 US PPI came in at 6.3%, forecast was 5.3% - DOUBLE HOT!
Fear of Fed rate hikes shook the whole market.
Liquidation Storm:
~$939M liquidated in 24h, 84% were LONGs. $286M in ETH and $215M in BTC longs got wiped out. The largest single liquidation was a $12M BTC long on Binance.
What next?
$80,000 is now the key support. If it holds above it, BTC can go to $83K-$84.5K. If it breaks below, we could test $75K.
FOMC Meeting is on 27-28 Oct, market will stay volatile till then.
Are you Long or Short? Tell me in comments 👇
#BTC #bitcoin #ETH #CPI #BinanceSquare