$BTC - $83,700 (+1.92%)
*Quick Take:*
BTC recovered from $82,020 low and is now consolidating at $83.7k after a sharp sell-off that liquidated $774M in longs. It's holding above the key EMA cluster $83,200-$83,400.
*Levels to Watch:*
- *Support:* $82k is first defense, $81k is major breakdown level
- *Resistance:* $84k-$84.3k immediate, then $85k. Break $85k = run to $86k-$86.7k
*Indicators:*
RSI 52.8 Neutral, MACD flat at 0.00 - momentum is at decision point. Bollinger %B at 0.38 shows we are still in lower half, room to go up. 200-day SMA $72,251 far below - long term uptrend intact.
*Trigger Today:*
US CPI at 8:30 AM ET. Forecast 3.6% vs previous 3.4%.
> 3.6% = bearish dump risk
< 3.6% = bullish pump to $85k
ETF inflows turned positive yesterday +$110M BTC.
*Bias:* Relief rally, not confirmed reversal. Safe to wait for CPI break.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch
*Quick Take:*
BTC recovered from $82,020 low and is now consolidating at $83.7k after a sharp sell-off that liquidated $774M in longs. It's holding above the key EMA cluster $83,200-$83,400.
*Levels to Watch:*
- *Support:* $82k is first defense, $81k is major breakdown level
- *Resistance:* $84k-$84.3k immediate, then $85k. Break $85k = run to $86k-$86.7k
*Indicators:*
RSI 52.8 Neutral, MACD flat at 0.00 - momentum is at decision point. Bollinger %B at 0.38 shows we are still in lower half, room to go up. 200-day SMA $72,251 far below - long term uptrend intact.
*Trigger Today:*
US CPI at 8:30 AM ET. Forecast 3.6% vs previous 3.4%.
> 3.6% = bearish dump risk
< 3.6% = bullish pump to $85k
ETF inflows turned positive yesterday +$110M BTC.
*Bias:* Relief rally, not confirmed reversal. Safe to wait for CPI break.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch