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 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 ✌️👍