Bitcoin is testing its August floor as hot inflation and persistent ETF outflows keep market pressure elevated.
Tap the live $BTC and $ETH widgets below to analyze open positions.
🌐 Macro Parameters
October US CPI rose 0.4% month over month against 0.3% expected. Core CPI increased 0.3% versus 0.2% expected.
The Fed held rates at 3.75% to 4.00% on Oct 28. CME FedWatch now prices a 100% chance of at least a 25 basis point hike on Dec 9, with about a 14% chance of 50 basis points.
📊 Market Structure
$BTC is near $73,950 after Tuesday's low of $72,727, its lowest since Aug 20. That leaves the August floor of $73,027 as a critical reference.
Spot Bitcoin ETFs recorded $95 million in Tuesday outflows, a fourth straight losing session. Five-session outflows reached $1,063.5 million.
$ETH is near $2,055 and held above $2,000 overnight. Ether ETFs saw $326.1 million in five-session outflows, though Tuesday's $1.32 million was far below Monday's $184.6 million.
Strategy (MSTR) closed Tuesday at $121.07, down 3.6%, ahead of the MSCI index review list at 17:00 EST (23:00 CET). Strategy expects exclusion, with any change taking effect at the close of Nov 30.
The Fear and Greed Index dropped from 32 to 29, still in Fear territory.
💧 Allocation Framework
The August low at $73,027 remains the key downside reference for $BTC, while $74,500 to $75,000 marks the first recovery zone. Holding the floor could support stabilization, while a break below it would raise downside concerns.
Next on the calendar are the MSCI result and Friday's US PPI report. Nvidia earnings on Nov 17 and FOMC minutes on Nov 18 follow, with ETF flows and $ETH holding above $2,000 as added signals.
#BTC #ETH #Crypto #BinanceSquare
Tap the live $BTC and $ETH widgets below to analyze open positions.
🌐 Macro Parameters
October US CPI rose 0.4% month over month against 0.3% expected. Core CPI increased 0.3% versus 0.2% expected.
The Fed held rates at 3.75% to 4.00% on Oct 28. CME FedWatch now prices a 100% chance of at least a 25 basis point hike on Dec 9, with about a 14% chance of 50 basis points.
📊 Market Structure
$BTC is near $73,950 after Tuesday's low of $72,727, its lowest since Aug 20. That leaves the August floor of $73,027 as a critical reference.
Spot Bitcoin ETFs recorded $95 million in Tuesday outflows, a fourth straight losing session. Five-session outflows reached $1,063.5 million.
$ETH is near $2,055 and held above $2,000 overnight. Ether ETFs saw $326.1 million in five-session outflows, though Tuesday's $1.32 million was far below Monday's $184.6 million.
Strategy (MSTR) closed Tuesday at $121.07, down 3.6%, ahead of the MSCI index review list at 17:00 EST (23:00 CET). Strategy expects exclusion, with any change taking effect at the close of Nov 30.
The Fear and Greed Index dropped from 32 to 29, still in Fear territory.
💧 Allocation Framework
The August low at $73,027 remains the key downside reference for $BTC, while $74,500 to $75,000 marks the first recovery zone. Holding the floor could support stabilization, while a break below it would raise downside concerns.
Next on the calendar are the MSCI result and Friday's US PPI report. Nvidia earnings on Nov 17 and FOMC minutes on Nov 18 follow, with ETF flows and $ETH holding above $2,000 as added signals.
#BTC #ETH #Crypto #BinanceSquare
