BTCUSD—Bounce Back to 65K Incoming? CPI Data Drives Drop
GM crypto bro's, fear and greed index is in the fear zone at 32 this morning, with Stoch RSI now sitting in the oversold area.
BTC dropped again this morning, just as I mentioned in yesterday’s update, touching the 59K–58K range. This may have been caused by the higher-than-expected CPI data release. Now, will BTC drop even further? Based on this morning's price action, the probability seems to lean more towards a pump to 65K rather than another drop to 58K.
Keep in mind the market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC dropped again this morning, just as I mentioned in yesterday’s update, touching the 59K–58K range. This may have been caused by the higher-than-expected CPI data release. Now, will BTC drop even further? Based on this morning's price action, the probability seems to lean more towards a pump to 65K rather than another drop to 58K.
Keep in mind the market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
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