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Will This Week’s CPI Data Bring a Reversal?❓
This Week’s (11.9–11.15) Major Web3 Events⭐️
November 9
Release date moved to November 9, allowing Polymarket Protocol V2 to avoid U.S. midterm election week;
Hyperliquid L2 network Elysium to launch on November 9;
Uniswap confirms V4 Hooks support on Elysium, with mainnet expected to launch on November 9
Mercado Bitcoin: Platform to resume in phases on November 9, with compensation paid from its own funds
November 10
U.S. October CPI to be released on November 10 at 21:30;
Bitcoin payment acceptance expands to more than 4 million merchants, with Square expecting to complete deployment by November 10
Bloomberg ETF analysts Eric Balchunas and James Seyffart co-author new book on crypto investing, publishing November 10
November 11
MSCI to announce final list of non-operating companies to be removed from its indexes
November 12
NFT marketplace Blur to deprecate its frontend on November 12, with Blend ceasing to match new loans;
AI trading hype cools, with two SK Hynix leveraged ETFs to be liquidated around November 12
OpenAI and Cursor end nearly four-year partnership, with direct model supply ending November 12
First tokenized IP launches, with Soneium to release 50 Moriusa NFTs on November 12
November 13
U.S. October PPI to be released on November 13 at 21:30;
✊Other (exact time TBD)
Arthur Hayes: Flop Labs to announce testnet date next week
$BTC
BTC closed the morning with a doji, moving sideways near the lows
BTC is in a descending converging triangle pattern. As time passes, 7.54 and the descending trendline are converging, showing signs of a rebound
Judging by the repeated candlestick retests of 7.54, there has been no decisive break below it, so support is holding for now
Resistance is above 7.65; support and resistance have flipped. A bullish rebound is likely only if the price breaks above and holds there; otherwise, expect continued narrow-range fluctuations
Weekend liquidity is low, so it’s best to watch and trade less. I don’t recommend entering long or short positions early, as the price range is around 1,000 points. Only go long with the trend after a break above and hold over 7.65
Friends passing by, please give me a follow, like, and comment—your support means the most to me. I’m grateful and thank you! The information above is for market analysis only and not for trade execution;
Follow me to stay up to date with the latest news, developments, and price analysis every day, along with the wealth-building tips you’re looking for. Remember to follow and like #Ahr999 has entered the bottom-buying zone $BTC