Bitcoin rebounding above $79K after CPI isn’t a breakout it’s a relief rally in a crowded trade.
The move happened because expectations were priced in. CPI came in softer than feared, not because Bitcoin suddenly gained new fundamentals.
Traders who bought on the dip are now taking profit. Liquidity is thin. Volume is still below 2x the 7-day average.
This isn’t a trend shift. It’s a pause before the next test of $78K support.
I’m watching $78K as the real level. If it holds, I’ll consider a long setup with a stop below 77.2K. If it breaks, I stay out.
What would prove me wrong? A sustained close above 81K with volume over 3x the 7-day average.
What’s your take? #BitcoinReboundsAbove79KAfterCPI
Not financial advice. My levels, my risk.
The move happened because expectations were priced in. CPI came in softer than feared, not because Bitcoin suddenly gained new fundamentals.
Traders who bought on the dip are now taking profit. Liquidity is thin. Volume is still below 2x the 7-day average.
This isn’t a trend shift. It’s a pause before the next test of $78K support.
I’m watching $78K as the real level. If it holds, I’ll consider a long setup with a stop below 77.2K. If it breaks, I stay out.
What would prove me wrong? A sustained close above 81K with volume over 3x the 7-day average.
What’s your take? #BitcoinReboundsAbove79KAfterCPI
Not financial advice. My levels, my risk.