$BTC
PCE looks better, but BTC buyers still lack conviction.
Headline inflation rose 0.3% versus 0.4% expected, while core rose 0.2% versus 0.3% expected. Encouraging numbers, though inflation still sits above the Fedโs target.
BTC holds near $83,425 after rejection around $85,600. The 4H chart shows hesitation.
Reclaim $84,400 and hold the retest, then $85,000 and $85,600 become upside targets. Lose $82,900 support, and $82,500 comes into focus.
Good news needs strong buying behind the move. Watch the close before chasing.
#USCorePCEEasesTo3%InAugust
PCE looks better, but BTC buyers still lack conviction.
Headline inflation rose 0.3% versus 0.4% expected, while core rose 0.2% versus 0.3% expected. Encouraging numbers, though inflation still sits above the Fedโs target.
BTC holds near $83,425 after rejection around $85,600. The 4H chart shows hesitation.
Reclaim $84,400 and hold the retest, then $85,000 and $85,600 become upside targets. Lose $82,900 support, and $82,500 comes into focus.
Good news needs strong buying behind the move. Watch the close before chasing.
#USCorePCEEasesTo3%InAugust
