$BTC
- *Current:* ~ $82,100 (+2.3% intraday)
- *Context:* Market is risk-off after US CPI 3.7% (hot). Heavy leverage flush - $944M liquidated. Volatility jumped to 39%
*Levels to watch:*
- *Support:* $80,000 - $80,700 is critical defense. Must hold to avoid $78k test
- *Resistance:* $84k - Test there would open $85.5k - $87.3k and $93k upper band
- *Trend:* Still above 50-week EMA (∼$81.6k) and May highs, so uptrend intact for now
Neutral to bullish short-term as long as $80k holds.
#CPIWatch
- *Current:* ~ $82,100 (+2.3% intraday)
- *Context:* Market is risk-off after US CPI 3.7% (hot). Heavy leverage flush - $944M liquidated. Volatility jumped to 39%
*Levels to watch:*
- *Support:* $80,000 - $80,700 is critical defense. Must hold to avoid $78k test
- *Resistance:* $84k - Test there would open $85.5k - $87.3k and $93k upper band
- *Trend:* Still above 50-week EMA (∼$81.6k) and May highs, so uptrend intact for now
Neutral to bullish short-term as long as $80k holds.
#CPIWatch