$BTC Bitcoin is near $81,100 today, down about 3% after a hot US CPI print. It is roughly 35% below its all-time high of about $126K.
Trend: Price is still above its 50-, 100- and 200-day EMAs (about $80.4K, $76.6K and $75.6K), so the broader structure holds.
Demand: Spot ETF outflows were about $681M last week, which points to weaker institutional demand. Rate-hike worries from the CPI data add pressure.
Levels: Support sits at about $80K, then $76K. Resistance is $84K, then $85K, with heavy resistance near $87K.
Outlook: Neutral to cautious. A close above $84K–85K opens the way to $87K. #CPIWatch #TradersBetOnThreeMoreFedHikes #BastionPressesSkyAIOverSOLSales #PatrickWittExitsWhiteHouseCryptoRole y#HEXFounderRichardHeartArrestedInIstanbul
Trend: Price is still above its 50-, 100- and 200-day EMAs (about $80.4K, $76.6K and $75.6K), so the broader structure holds.
Demand: Spot ETF outflows were about $681M last week, which points to weaker institutional demand. Rate-hike worries from the CPI data add pressure.
Levels: Support sits at about $80K, then $76K. Resistance is $84K, then $85K, with heavy resistance near $87K.
Outlook: Neutral to cautious. A close above $84K–85K opens the way to $87K. #CPIWatch #TradersBetOnThreeMoreFedHikes #BastionPressesSkyAIOverSOLSales #PatrickWittExitsWhiteHouseCryptoRole y#HEXFounderRichardHeartArrestedInIstanbul