🔥 Bitcoin dips to $78.4K as Fed’s Warsh downplays softer inflation prints — Bitcoin price action dips to $78.4K on Fed comments, directly moving BTC right now.
Hey, look what’s going on — Fed’s Christopher Warsh downplayed today’s softer inflation figures, and Bitcoin immediately got a jolt, straight down to $78.4K. Right now the price is around $77,834, which is slightly below the pivot zone. First of all, this Warsh comment matters because the market thought the Fed would cut rates soon, but now that expectation has weakened. On the technical side, RSI is at 44 which is neutral—neither oversold nor overbought, just hanging in the middle. MACD has also given a bearish signal, but volume is very thin, showing that this move lacks strength.
Now, my personal take—support is at $77,741, and if that breaks, the next stop is at $76,670. Resistance is at $78,052, which is the immediate wall for now. I think without strong volume, this breakdown could be fake, but the “hangover” from the Warsh news may last a few days. Let’s see whether price consolidates above $77,741, or if another leg down comes.
If the daily close is above $78,050, the market should bounce; otherwise, the path to $76.6K is clear.
Question for you guys—do you think Bitcoin will drop to $76.6K, or will this support hold and pave the way to $80K? Share your view, and tell me what your strategy is—buy the dip or wait?
#Trading #Binance #Bitcoin #Crypto #FederalReserve
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Disclaimer: My personal analysis, not financial advice. DYOR.
Hey, look what’s going on — Fed’s Christopher Warsh downplayed today’s softer inflation figures, and Bitcoin immediately got a jolt, straight down to $78.4K. Right now the price is around $77,834, which is slightly below the pivot zone. First of all, this Warsh comment matters because the market thought the Fed would cut rates soon, but now that expectation has weakened. On the technical side, RSI is at 44 which is neutral—neither oversold nor overbought, just hanging in the middle. MACD has also given a bearish signal, but volume is very thin, showing that this move lacks strength.
Now, my personal take—support is at $77,741, and if that breaks, the next stop is at $76,670. Resistance is at $78,052, which is the immediate wall for now. I think without strong volume, this breakdown could be fake, but the “hangover” from the Warsh news may last a few days. Let’s see whether price consolidates above $77,741, or if another leg down comes.
If the daily close is above $78,050, the market should bounce; otherwise, the path to $76.6K is clear.
Question for you guys—do you think Bitcoin will drop to $76.6K, or will this support hold and pave the way to $80K? Share your view, and tell me what your strategy is—buy the dip or wait?
#Trading #Binance #Bitcoin #Crypto #FederalReserve
--
Disclaimer: My personal analysis, not financial advice. DYOR.
