October CPI rose 0.4% month over month in the United States, above expectations, with core CPI at 0.3%. The immediate reaction was selling in stocks and bonds, but Bitcoin showed something different: **decoupling**. It fell -0.64% to $74,419, but didn't follow the equity correlation script. That, combined with sustained net outflows from spot ETFs and MARA reducing its holdings, changes the picture.
The technical structure shows a triple liquidity sweep at $73,368–$75,520 (PDL, PWL, PML), a classic Wyckoff spring: price sweeps the stops below and rebounds from the floor. But the multi-timeframe bias is divided (daily neutral, weekly/yearly bearish, lower timeframes bearish), and the thesis warns: without a clear structural signal, follow the dominant bias. And today, the downside carries more weight.
If Bitcoin recovers and closes above $75,930, the spring is confirmed and the way opens toward $78,446 and $81,374. If it loses $73,687 on volume, the next magnet is at $69,423. Fear & Greed edged up from 29 to 32 (fear), with no real conviction. Volume fell -5.36% on the day.
**Is this decoupling the start of an independent bullish move, or a sign that BTC has lost institutional support?** We're watching closely. What do you see in the structure?
#BTC
The technical structure shows a triple liquidity sweep at $73,368–$75,520 (PDL, PWL, PML), a classic Wyckoff spring: price sweeps the stops below and rebounds from the floor. But the multi-timeframe bias is divided (daily neutral, weekly/yearly bearish, lower timeframes bearish), and the thesis warns: without a clear structural signal, follow the dominant bias. And today, the downside carries more weight.
If Bitcoin recovers and closes above $75,930, the spring is confirmed and the way opens toward $78,446 and $81,374. If it loses $73,687 on volume, the next magnet is at $69,423. Fear & Greed edged up from 29 to 32 (fear), with no real conviction. Volume fell -5.36% on the day.
**Is this decoupling the start of an independent bullish move, or a sign that BTC has lost institutional support?** We're watching closely. What do you see in the structure?
#BTC