š„ 3.7% inflation. Hotter than the 3.6% forecast, and $BTC slipped back under $83K.
Septemberās US CPI came in above expectations. Core was also hotter at 2.6% vs 2.5%. BTC fell about $1K within minutes of the release.
š What Iām watching:
ā¢ $BTC : $83K to reclaim. Support at $82K, then $80.4K
ā¢ Resistance sits at $84Kā$84.5K
ā¢ $ETH is hovering near $2,500. It needs to hold that level
ā³ Next up: the Fed decision on Oct 28. Before this print, markets priced ~78% odds of a hold.
I think a hike scare is priced in fast, but Iām not chasing until $83K is reclaimed.
Is this a dip to buy or the start of a bigger leg down? š Follow for more live macro breakdowns.
#EthereumDropsBelow $2500 #CPI #Bitcoin
Septemberās US CPI came in above expectations. Core was also hotter at 2.6% vs 2.5%. BTC fell about $1K within minutes of the release.
š What Iām watching:
ā¢ $BTC : $83K to reclaim. Support at $82K, then $80.4K
ā¢ Resistance sits at $84Kā$84.5K
ā¢ $ETH is hovering near $2,500. It needs to hold that level
ā³ Next up: the Fed decision on Oct 28. Before this print, markets priced ~78% odds of a hold.
I think a hike scare is priced in fast, but Iām not chasing until $83K is reclaimed.
Is this a dip to buy or the start of a bigger leg down? š Follow for more live macro breakdowns.
#EthereumDropsBelow $2500 #CPI #Bitcoin