Bitcoin Drops Below $64K as Gold Hits $4,435 — Is $66K the Breakout Level? ₿📉🥇🔥
Bitcoin slipped below $64,000 on Aug. 11, falling to a one-week low as investors turned increasingly defensive ahead of the U.S. CPI report.
At the same time, gold surged to around $4,435 per ounce, its highest level since June 5, as retail investors increased their demand for the traditional safe-haven asset.
BTC remains trapped below the critical $65,800–$66,000 resistance zone, making today's CPI reaction especially important.
💡 What's Happening?
✅ Bitcoin dropped below $64,000 and reached a one-week low.
✅

When will two 8s be added in front of $PI ?

CPI drops at 08:30 ET. 2.5 hours out.
Last read came in hot, markets repriced Fed cuts fast.
Today's number moves everything.

⚡️ Back to where it all began! ⚡️
If you haven't already, go check out the new home of Bitcoin data:
🟠 🟠

4413 long, exit at 4420, take 7 points, bank 674🔪
4412 short, exit at 4408, take 4 points, bank 459🔪#黄金

Gold’s 10-trade intraday winning streak has been broken!
Short at 4410, stop-loss at 4417, -7 points, -948🔪
Long at 4410, stop-loss at 4404, -6 points, -1014🔪
CPI data rose first, then fell, and then rose again, sweeping out both longs and shorts!$XAUT

Major CPI Release Tonight! The Battle Between Gold’s Bulls and Bears Is About to Be Revealed
At 8:30 p.m. tonight, the U.S. July CPI data will be released. The previous reading for the non-seasonally adjusted annual rate was 3.5%, with market expectations at 3.4%. The previous reading for the seasonally adjusted monthly rate was -0.4%, with expectations at 0.1%.
If CPI comes in below expectations, expectations for a Federal Reserve rate cut will continue to build, putting pressure on the dollar and weakening it. Gold, meanwhile, could seize the opportunity to surge and reach new highs. If the

8.12 Evening Market Outlook: BTC/ETH 1-Hour
The 1-hour Bollinger Bands, which had been opening downward, are gradually narrowing and flattening. ETH bottomed at 1852.15 before rebounding strongly on increased volume to a high of 1914.79. Short-term moving averages have turned upward and are providing support, while volume has continued to follow through during the rebound. The small bearish candle at the highs reflects short-term profit-taking and consolidation, while bullish recovery momentum remains sufficient. BTC tracked ETH throughout, stabilizing at a low of 63209.0 before rising in cons

DYOR or pay the tax
Don't blindly trust random shillers in your DMs.
Spend 5 minutes learning the basics so you actually know what you own.
*DYOR = Do Your Own Research.

I said at seven o’clock that there would be a shakeout, so enter on the pullback.
Those who entered at 4383 should move their stops to breakeven and continue looking higher.
#GateLaunchpool瓜分141万枚DOS $XAUT

Come to the livestream and farm #Gate多项交易指标全球Top4 $ETH ‌$SOL ‌$BTC ‌

JUST IN: CoreWeave’s Q2 revenue up 112% YoY to $2.575B, with multiple analysts lifting price targets. Outlook hinges on AI infra demand and margin expansion, as some firms stay neutral but raise targets. $COREW

Why is APR rising? Low-market-cap projects related to aPriori are being driven by community hype and concentrated capital inflows amid high trading volume. This is a typical high-beta explosive rally pattern, with trading volume increasing significantly.
$APR

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BREAKING: 🇺🇸 U.S. inflation cooled to 3.4% in July as gasoline prices declined.
Headline CPI rose 0.1% month-over-month, while core inflation came in at 2.5% year-over-year.
The numbers matched expectations.

I could only watch helplessly as it rose from 40,000 to 155,000. My balance had dropped to zero, so I had nothing left to buy with.

🚨 BREAKING: The Federal Reserve is set to inject approximately $5.18 billion into the financial system today.
The move comes as markets closely watch liquidity conditions and the Fed’s balance-sheet operations.

Haha, before the news came out, I told everyone to go long gold at 4385 and short at 4428. Profited on both the long and short trades.