BTC MARKET UPDATE: HOT CPI INCREASES SELLING PRESSURE $68,000 IN FOCUS!

Bitcoin is trading around $74,200–$74,600 as the latest US inflation report delivers a hotter-than-expected reading.

LATEST MARKET DEVELOPMENTS:

• US headline CPI: 0.4% vs 0.3% expected.
• Core CPI: 0.3% vs 0.2% expected.
• Inflation remains sticky, increasing concerns about further Fed tightening.
• Around $179M–$200M in leveraged crypto positions were liquidated following the CPI release.
• Bitcoin remains below the $75,000 region, keeping market sentiment under pressure.

$BTC /USDT SHORT SETUP

Entry Zone: $75,300 – $75,650

Stop Loss: $76,350

TARGETS:
TP1: $73,000
TP2: $70,000
TP3: $68,000

KEY LEVEL: $73,000

If BTC breaks below $73,000 with strong selling volume, the downside move could extend toward $70,000 and potentially $68,000.

MY MARKET VIEW:

The daily structure remains bearish, and the hotter CPI report adds another macro headwind for Bitcoin.

I'm watching the $73K support closely. A confirmed breakdown could create the next major short opportunity.

Can BTC reach $68,000, or will buyers defend $73,000?

Share your thoughts below.$BTC #HotCPIDecemberHikePriced