🚨🧨🔥🔥Altcoins fell harder: $SOL and $XRP were both down more than 4%; $BNB held up relatively well, down about 1.6%.
💥💥💥 Rate hike expectations have been repriced: a December hike is now almost a foregone conclusion, and the core figures also hit the threshold Waller previously cited as potentially warranting a 50-basis-point hike.
💥💥 My take: In the short term, watch the $73,000 support level. It was already breached overnight, dipping to $72,800, but recovered by morning. If BTC can't reclaim $74,000, the rebound remains weak; a break below last night's low would significantly increase pressure. For $ETH, keep a close eye on $2,000. Don't take on too much leverage—PPI is also due Friday.
Do you think the $73,000 support level will hold? Let's talk in the comments
$SOL
$BTC
💥💥💥 Rate hike expectations have been repriced: a December hike is now almost a foregone conclusion, and the core figures also hit the threshold Waller previously cited as potentially warranting a 50-basis-point hike.
💥💥 My take: In the short term, watch the $73,000 support level. It was already breached overnight, dipping to $72,800, but recovered by morning. If BTC can't reclaim $74,000, the rebound remains weak; a break below last night's low would significantly increase pressure. For $ETH, keep a close eye on $2,000. Don't take on too much leverage—PPI is also due Friday.
Do you think the $73,000 support level will hold? Let's talk in the comments
$SOL
$BTC
