#whatwilldrivecryptoandstocks’nextrebound?
Stocks bounced this week. Bitcoin didn’t. 📉
$BTC is trading near $67K, below its 200-week MA (~$68K), and this week’s candle is down ~10% with the weekly close still open. $ETH sits under $2K.
Why the split from equities? The Dollar Index is above 103 (19-month high), October CPI ran hot, and spot ETFs have shed nearly $2B in November. CME FedWatch shows ~90% odds of a 25bp Fed hike on Dec 9.
What I’m watching into the weekly close (Mon 00:00 UTC):
🔹 Close back above ~$68K = failed breakdown, bulls stay in play
🔹 Close below = $63–66K is the next zone, where BTC based before its August breakout
A real rebound then needs DXY cooling, ETF flows turning positive, and a calm Nvidia print on Nov 17 ($NVDA is the AI-risk barometer).
Extreme Fear and $1.3B in liquidations show leverage is being flushed, but that isn’t a confirmed bottom.
Which matters more for the bounce: Fed, ETFs or Nvidia? 👇
Not financial advice.
#Bitcoin #Fed #CryptoMarket
Stocks bounced this week. Bitcoin didn’t. 📉
$BTC is trading near $67K, below its 200-week MA (~$68K), and this week’s candle is down ~10% with the weekly close still open. $ETH sits under $2K.
Why the split from equities? The Dollar Index is above 103 (19-month high), October CPI ran hot, and spot ETFs have shed nearly $2B in November. CME FedWatch shows ~90% odds of a 25bp Fed hike on Dec 9.
What I’m watching into the weekly close (Mon 00:00 UTC):
🔹 Close back above ~$68K = failed breakdown, bulls stay in play
🔹 Close below = $63–66K is the next zone, where BTC based before its August breakout
A real rebound then needs DXY cooling, ETF flows turning positive, and a calm Nvidia print on Nov 17 ($NVDA is the AI-risk barometer).
Extreme Fear and $1.3B in liquidations show leverage is being flushed, but that isn’t a confirmed bottom.
Which matters more for the bounce: Fed, ETFs or Nvidia? 👇
Not financial advice.
#Bitcoin #Fed #CryptoMarket
