$BTC ended four consecutive daily declines with a solid bullish candle, although the long upper wick shows that sellers are still active around higher levels.

The latest CPI came in at 3.4% YoY, matching expectations and the previous reading. The market now shifts attention toward the upcoming Fed/SEC-related events and rate expectations.

After the CPI release, BTC experienced sharp volatility in both directions, sweeping liquidity below the range before quickly recovering toward the upper side. This created a classic long-short liquidity sweep, with heavy leverage getting flushed on both sides.

From the chart perspective, BTC is back in consolidation and continues to trade around the $7.65K support area. Price is also developing inside a symmetrical triangle, while a broader bullish descending-wedge structure remains visible.

The MACD golden cross adds some bullish momentum, but confirmation is still needed.

Key areas to watch:

• $7.65K — lower support / liquidity area

• Upper triangle trendline — breakout or rejection zone

• A clean breakout could strengthen the bullish structure

• Losing the lower trendline could invalidate the current recovery setup

According to the reported 24H liquidation data, around 94,070 traders were liquidated, with total liquidations near $681M — approximately $295M longs and $385M shorts.

For now, patience is key. Let the structure confirm the next direction instead of chasing volatility.

Chart analysis only. Not financial advice or a trade recommendation.

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