$BTC coin has dropped to around $80,800, down roughly 3% in 24 hours, as hotter-than-expected U.S. inflation data raises concerns about further Federal Reserve rate hikes.
Key levels to watch
Support: $79,700–$80,000
Resistance: $82,000–$83,000
Bullish scenario: Reclaiming $82,000–$83,000 with strong volume could support a recovery.
Bearish scenario: A sustained break below $80,000 could bring further downside.
Short-term outlook: Cautious to bearish. Watch U.S. inflation data, Fed rate expectations, and trading volume before making a decision.#CPIWatch #WarshPushesToScaleBackForwardGuidanceAndDotPlot #SouthKoreaPlansTighterCybersecurityRules #BlackRockCryptoAssetsJump63% #EtherTook60%OfCryptoLiquidations
Key levels to watch
Support: $79,700–$80,000
Resistance: $82,000–$83,000
Bullish scenario: Reclaiming $82,000–$83,000 with strong volume could support a recovery.
Bearish scenario: A sustained break below $80,000 could bring further downside.
Short-term outlook: Cautious to bearish. Watch U.S. inflation data, Fed rate expectations, and trading volume before making a decision.#CPIWatch #WarshPushesToScaleBackForwardGuidanceAndDotPlot #SouthKoreaPlansTighterCybersecurityRules #BlackRockCryptoAssetsJump63% #EtherTook60%OfCryptoLiquidations