#CPIWatch 📊 BTC analysis at $81,668 — the situation is risky, but there’s an opportunity
🔍 Technical:
- Price is below the 4-hour MA200 for the first time in 10 days
- RSI at 38, near oversold territory = a rebound is possible
- Support: $81,500, then $80,800, then the psychological level of $80,000
- Resistance: $82,500, then $84,000
📰 Fundamental:
- Yesterday’s CPI came in at 3.7%, higher than the expected 3.2% = a strong dollar and weak crypto
- Today’s PPI will determine everything: if it comes in hot = $79K; if it comes in cool = $84K
- ETF flows yesterday: outflows of -$124M
🎯 Two scenarios:
1- Bullish (40%): holding above $81,500 + cool PPI = rise to $83,500–$84,000
2- Bearish (60%): break below $81,500 = drop to $80,000–$79,500
💡 Bottom line: The market is in fear territory — the best buying opportunities come during times of fear, but buy in portions and don’t act recklessly.
#BTC #TechnicalAnalysis #Bitcoin
🔍 Technical:
- Price is below the 4-hour MA200 for the first time in 10 days
- RSI at 38, near oversold territory = a rebound is possible
- Support: $81,500, then $80,800, then the psychological level of $80,000
- Resistance: $82,500, then $84,000
📰 Fundamental:
- Yesterday’s CPI came in at 3.7%, higher than the expected 3.2% = a strong dollar and weak crypto
- Today’s PPI will determine everything: if it comes in hot = $79K; if it comes in cool = $84K
- ETF flows yesterday: outflows of -$124M
🎯 Two scenarios:
1- Bullish (40%): holding above $81,500 + cool PPI = rise to $83,500–$84,000
2- Bearish (60%): break below $81,500 = drop to $80,000–$79,500
💡 Bottom line: The market is in fear territory — the best buying opportunities come during times of fear, but buy in portions and don’t act recklessly.
#BTC #TechnicalAnalysis #Bitcoin