Bitcoin pinned at $64K as death cross holds into CPI print
The 23,000-job July payrolls miss should have sparked a relief rally. Instead Bitcoin rolled off the 50-day average cleanly. That disconnect is the real trade into tomorrow's CPI.
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The 23,000-job July payrolls miss should have sparked a relief rally. Instead Bitcoin rolled off the 50-day average cleanly. That disconnect is the real trade into tomorrow's CPI.
A weekly death cross, Fidelity's accumulation model, and a 90% macro-low call line up for one analyst, while a 10% tail still leaves room for a wick toward $54K.
The $50K September put is the loudest signal in the tape: even after today's bounce, options desks are still paying up for downside, and gold's bearish crossover is dragging the whole risk-off thesis…
ChartNerd is mapping the late-January 2.40 lower high against a current rejection at the 20-week EMA near $1.50 — a structure he says set up a countertrend rally the last time it appeared.