$BTC has been repeatedly tugged around the $80,000 mark recently. After rallying above $82,000 in early September, it failed to hold. The market is now focused on this week’s CPI data and the mid-September policy meeting, with a clear divide between bullish and bearish views. 🧧🧧🧧 $BTC briefly poked into the $82,200 area on September 4, marking a new multi-month high, but then failed to sustain the move and slipped back to trade below $80,000, consolidating
Price has been stuck and churned within the $78,000–$82,000 range. A large number of balanced positions are piled up around $81,000–$83,000, which is considered an on-chain high-offer pressure zone
The CPI data on September 11 and the policy meeting on September 15–16 will determine the direction for the second half of this month. If CPI cools and the probability of further rate hikes declines, BTC could be set for a rebound window
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☀️A brief moment of leisure at midday, leaving a breath of space for your inner self 🍃
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Gather glimmers into flame, march ahead with sincerity, embrace a new chapter. Gather glimmers into flame, march ahead with sincerity, embrace a new chapter. #LUCIC
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