{"id":441843,"date":"2026-11-10T18:40:13","date_gmt":"2026-11-10T11:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-stays-under-pressure-ahead-of-the-us-cpi-report-as-waller-raises-prospect-of-a-50-bps-hike-441843\/"},"modified":"2026-11-10T18:40:13","modified_gmt":"2026-11-10T11:40:13","slug":"bitcoin-stays-under-pressure-ahead-of-the-us-cpi-report-as-waller-raises-prospect-of-a-50-bps-hike","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-stays-under-pressure-ahead-of-the-us-cpi-report-as-waller-raises-prospect-of-a-50-bps-hike-441843\/","title":{"rendered":"Bitcoin stays under pressure ahead of the US CPI report as Waller raises prospect of a 50 bps hike"},"content":{"rendered":"
\n

Bitcoin found some
\n support yesterday from the positive risk sentiment after we got some positive headlines
\n that strengthened hopes for a US-Iran deal. <\/p>\n

In fact, it was
\n reported that meetings between Trump, Vance and the Qatari PM were positive,
\n and they discussed ways to progress talks with Iran. Trump said after talks
\n with the Qatari PM that Qatar would rather see a peaceful solution with Iran,
\n but the US is ready for strikes if necessary.<\/p>\n

Moreover, it was
\n reported that the US has allowed a small uranium enrichment inside Iran, which
\n Tehran agreed to, and preliminary agreement on reducing uranium enrichment is
\n likely.<\/p>\n

Today the focus
\n will be on the US CPI report. We won’t get the Y\/Y figures because of the
\n government shutdown last year. Soft data wouldn\u2019t change anything as Fed’s Waller said
\n earlier<\/a> that he
\n would support a rate hike in December even if today\u2019s CPI improves relative to
\n September. <\/p>\n

What traders will
\n be looking at is if the Core CPI M\/M comes in at 0.3% or higher as Waller said
\n that he would vote for a larger 0.5% hike in such a case. He’s a very
\n influential Fed governor and has been a leading indicator for Fed policy since
\n 2021, so his views are always important for the market. <\/p>\n

A more hawkish Fed
\n without an end to the Iran war is going to weigh heavily on the growth outlook
\n and Bitcoin.<\/p>\n

\u00a0<\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that Bitcoin<\/a>is approaching the major
\n upward trendline. If the price gets there, we can expect the buyers to lean on
\n the trendline, with a defined risk below it, to position for a rally into the
\n 98,000 level, with the downward trendline as the first target. The sellers, on
\n the other hand, will want to see the price breaking lower to increase the
\n bearish bets into the 67,000 level next.<\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we have
\n a minor resistance zone around the 76,000 level where the price got rejected
\n from several times in the past weeks. If we get a pullback, we can expect the
\n sellers to step in around the resistance, with a defined risk above it, to keep
\n targeting the major upward trendline. The buyers, on the other hand, will look
\n for a break higher to extend the pullback into the downward trendline next.<\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as the sellers will have a better risk to reward setup
\n around the resistance, while the buyers will look for a break above the
\n resistance or a bounce around the major upward trendline. The red lines define
\n the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we have
\n the US CPI report. Tomorrow, we get the latest US Jobless Claims figures. On
\n Friday, we conclude the week with the US PPI data. <\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin found some support yesterday from the positive risk sentiment after we got some positive headlines that strengthened hopes for a US-Iran deal. In fact, it was reported that meetings between Trump,…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441843","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441843"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}