Inflation Slows to 3.4%: Bitcoin Holds $64.8k Support Following US CPI Release! 📊
The official U.S. Consumer Price Index (CPI) report for July has landed, confirming that annual inflation slowed to 3.4%. Bitcoin experienced immediate 2-way volatility following the announcement, rapidly sweeping liquidity before settling cleanly in the $64,600–$65,200 consolidation box.
Key Post-CPI Market Takeaways:
Controlled Inflation Trajectory: The drop to 3.4% aligns directly with consensus estimates, reinforcing the macro case for monetary stability heading into Q4.
Order Book Absorption: High-frequency algorithms briefly tested lower liquidity pools near $64,200, but spot order book depth absorbed the initial selling pressure immediately.
Technical Blueprint: On the 4-hour chart, the $64,500 horizontal shelf serves as our primary line of defense. A clean daily candle close above $65,400 clears the short-term resistance ceiling and opens a direct path toward testing $66,800.
How did your strategy handle the CPI news wicks today? Share your thoughts below! 👇
#Bitcoin #BTC #USCPI #MarketAnalysis #CryptoTrading #BinanceSquare
The official U.S. Consumer Price Index (CPI) report for July has landed, confirming that annual inflation slowed to 3.4%. Bitcoin experienced immediate 2-way volatility following the announcement, rapidly sweeping liquidity before settling cleanly in the $64,600–$65,200 consolidation box.
Key Post-CPI Market Takeaways:
Controlled Inflation Trajectory: The drop to 3.4% aligns directly with consensus estimates, reinforcing the macro case for monetary stability heading into Q4.
Order Book Absorption: High-frequency algorithms briefly tested lower liquidity pools near $64,200, but spot order book depth absorbed the initial selling pressure immediately.
Technical Blueprint: On the 4-hour chart, the $64,500 horizontal shelf serves as our primary line of defense. A clean daily candle close above $65,400 clears the short-term resistance ceiling and opens a direct path toward testing $66,800.
How did your strategy handle the CPI news wicks today? Share your thoughts below! 👇
#Bitcoin #BTC #USCPI #MarketAnalysis #CryptoTrading #BinanceSquare