I’ve been watching the U.S. inflation data closely because CPI can quickly change the mood across crypto. 👀
According to Jin10, U.S. Core CPI rose 2.4% year over year in August, exactly matching expectations and cooling from 2.5% previously.
For me, this is a mildly supportive signal for risk assets because inflation is moving lower rather than accelerating. But as a trader, I care more about Bitcoin’s reaction than the headline itself.
I’m watching $BTC around its key resistance and support zones. A strong resistance reclaim with rising volume would be the first signal that buyers are actually taking control. If the breakout holds on a retest, that’s where I’d start looking for continuation.
I don’t want to blindly chase the first CPI candle. ⚠️ Volatility can create fake breakouts before the real direction appears.
My approach is simple: wait for the reclaim, confirm the volume, watch the retest, then follow the price action. 📊
The CPI number gives bulls some breathing room, but Bitcoin still has to prove the move on the chart.
Now the real question: will buyers use this softer inflation print to trigger the next BTC breakout?
#BitcoinReboundsAbove$79KAfterCPI
