$BTC Technical Indicators Analysis and trade strategy:
🚨Price Action: • Current Price: $93,450 • 24H High/Low: $94,490 / $87,911.1 • Recent bullish price movement suggests upward momentum but nearing short-term resistance.
🚨Moving Averages: • MA 9: $92,746.68 (short-term trend support) • EMA: $92,587.44 • MA Multiple: $92,169.79 • Price is trading above all major MAs indicating bullish trend.
🚨Bollinger Bands: • Upper Band: $94,559.01 • Median: $91,290.89 • Price is close to the upper Bollinger Band, indicating overbought conditions and potential for short-term pullback or consolidation.
RSI (14): 73.22 • RSI is above 70, suggesting overbought conditions. • Possible short-term correction or pause in momentum.
🚨MACD: • Histogram: 60.09 (positive) • Signal: 1,240.31 • MACD line is above the signal line — bullish crossover.
$BABY just take short positions, its going to decline below 0.10 soon as the funding rate drops.. let’s go ,, set 4 tp in the range of tp1: 0.1210 to 0.1260 tp2: 0.1110 to 0.1160 tp3: 0.1040 to 0.1080 tp4: 0.0960 to 0.0850
#CPI_DATA #TariffsPause $BTC The U.S. Consumer Price Index (CPI) data can have a significant impact on Bitcoin (BTC) prices, mainly because it serves as a key indicator of inflation and influences monetary policy decisions by the Federal Reserve. Here’s how it typically plays out:
1. Higher-than-expected CPI (Hot inflation): • Suggests inflation is rising faster than anticipated. • The Fed may respond with interest rate hikes or continue a hawkish stance. • Impact on BTC: Often bearish, as higher rates strengthen the dollar and reduce risk appetite. Investors may move away from riskier assets like BTC.
2. Lower-than-expected CPI (Cool inflation): • Indicates inflation may be under control. • The Fed might slow rate hikes or consider cuts. • Impact on BTC: Often bullish, as lower rates weaken the dollar and push investors toward alternative assets like BTC.
3. Volatility Spike:
Regardless of the direction, CPI releases (especially when they deviate from expectations) often cause short-term volatility in BTC markets, as traders rapidly price in potential Fed reactions.
4. Macro Sentiment Shifts:
BTC is increasingly being viewed as a macro asset. When CPI data shifts the market’s view on recession risks or economic health, BTC tends to react in tandem with equities, especially tech stocks.
US CPI data is dropping today at 8:30 am US time , 5:30 PAK Time PM, and it’s important for the market: 🔹 Less than 2.8%: Likely bullish 🔹 Exactly 2.8%: Neutral 🔹 More than 2.8%: Bearish
BTC is in a short-term downtrend, trading below key moving averages (MA20, MA50, MA200), and recently rejected at the lower Bollinger Band. The MACD remains negative, and RSI is in the neutral zone but weak. Despite a recent bounce, price action is still under pressure, and unless BTC breaks above $79k–$80k with strong volume, it’s likely a dead cat bounce or relief rally within a broader bearish trend.
Bias: Continuation of downtrend Confirmation: Look for rejection candles or bearish divergence on lower timeframes (1h/2h) at resistance #btc70k
BTC is in a short-term downtrend, trading below key moving averages (MA20, MA50, MA200), and recently rejected at the lower Bollinger Band. The MACD remains negative, and RSI is in the neutral zone but weak.
Despite a recent bounce, price action is still under pressure, and unless BTC breaks above $79k–$80k with strong volume, it’s likely a dead cat bounce or relief rally within a broader bearish trend.
Bias: Continuation of downtrend Confirmation: Look for rejection candles or bearish divergence on lower timeframes (1h/2h) at resistance #btc70k
$BTC don’t get into the trap of fake pumps. its in a Bearish trend and overall bearish sentiment are much stronger , so trade wisely and stay safe. visit my profile and witness with your own eyes the analysis and free accurate signals ✌️👍