BITCOIN MARKET UPDATE | CPI, FED & BTC OUTLOOK
📊 Macro: US CPI rose to 3.7% YoY in September, above the 3.6% forecast, raising concerns about inflation and Fed policy.
📉 Technical Levels
* Resistance: $82.7K, $83.8K–$84.2K
* Support: $80.6K–$80.8K
* Key support: $79.6K–$79.8K
🔍 BTC Scenarios
Break above $82.7K → potential recovery.
Range between $79.6K–$82.7K.
Daily close below $79.6K → risk of a move toward $78.2K.
🏦 What to Watch: Fed meeting, Bitcoin ETF flows, USD and Treasury yields.
Bottom line: Short term momentum remains weak, but the long term trend is not yet confirmed bearish. Watch key levels before the next move.
#CPIWatch
📊 Macro: US CPI rose to 3.7% YoY in September, above the 3.6% forecast, raising concerns about inflation and Fed policy.
📉 Technical Levels
* Resistance: $82.7K, $83.8K–$84.2K
* Support: $80.6K–$80.8K
* Key support: $79.6K–$79.8K
🔍 BTC Scenarios
Break above $82.7K → potential recovery.
Range between $79.6K–$82.7K.
Daily close below $79.6K → risk of a move toward $78.2K.
🏦 What to Watch: Fed meeting, Bitcoin ETF flows, USD and Treasury yields.
Bottom line: Short term momentum remains weak, but the long term trend is not yet confirmed bearish. Watch key levels before the next move.
#CPIWatch