$BTC - $83,400*
- *Price Action:* BTC bounced from $80,970 low yesterday and is now holding $83,400 - $83,800. 24h range $82,972 - $84,168. It's a relief recovery, not a confirmed reversal yet.
- *Key Levels:*
Support: $82,000 then $81,000 is the key support to hold
Resistance: $84,000 - $84,300 immediate, then $85,000 - $86,000
- *Indicators:* RSI 52.80 = Neutral, MACD histogram at 0.00 = momentum stalled at crossover point. Price is above 7-day SMA $82,795 but below 20-day SMA $83,934.
- *What’s Moving It:* Market waiting for US CPI today at 8:30 AM ET (forecast 3.6%). Fed’s Williams said no need for hikes in 2027 but 1 more possible this year. Liquidations yesterday hit ∼$774M in longs, now short liquidations building. 4aeee6ea
*Short-term View:* Hold above $83,200 keeps recovery alive. Break above $84,300 can push to $85k-$86k. Drop below $82k opens $81k retest.
Not financial advice - DYOR.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch
- *Price Action:* BTC bounced from $80,970 low yesterday and is now holding $83,400 - $83,800. 24h range $82,972 - $84,168. It's a relief recovery, not a confirmed reversal yet.
- *Key Levels:*
Support: $82,000 then $81,000 is the key support to hold
Resistance: $84,000 - $84,300 immediate, then $85,000 - $86,000
- *Indicators:* RSI 52.80 = Neutral, MACD histogram at 0.00 = momentum stalled at crossover point. Price is above 7-day SMA $82,795 but below 20-day SMA $83,934.
- *What’s Moving It:* Market waiting for US CPI today at 8:30 AM ET (forecast 3.6%). Fed’s Williams said no need for hikes in 2027 but 1 more possible this year. Liquidations yesterday hit ∼$774M in longs, now short liquidations building. 4aeee6ea
*Short-term View:* Hold above $83,200 keeps recovery alive. Break above $84,300 can push to $85k-$86k. Drop below $82k opens $81k retest.
Not financial advice - DYOR.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch