$BTC is still holding around $65K, and that’s becoming an interesting area to watch.
There hasn’t been a strong breakout yet, but the lack of heavy selling around this level suggests buyers are still defending the market.
If $BTC
{future}(BTCUSDT)
can turn $65K into solid support, the next major target could be around $70K, which is also close to the 200-day moving average.
Still, sentiment remains cautious, so I’d rather see confirmation than chase the move.
$65K holds → $70K next?
$BTC HUGE WEEK AHEAD FOR CRYPTO HOLDERS:🚨 $BNB
▫️ 10th, 🇺🇸 U.S market open after Iran rejected any talks with the US $ASTER
▫️ 11th, ADP Employment Change, Existing Home Sales Data
▫️ 12th, U.S CPI and Core CPI data
▫️ 13th, U.S PPI and Core PPI data
▫️ 14th, Retail Sales Data
The most important ones are CPI and PPI data, as they'll set the tone for September's FOMC meeting.
A higher than expected print will increase rate hike odds, while a lower than expected print will cancel the r...