$BTC Bitcoin today is showing a contained reaction after the release of U.S. CPI data. Initially, a slight increase was observed, in line with expectations of cooling inflation, but the upward push seems to have faded.

Currently, BTC is fluctuating around $103,500 - $104,000, with moderate volatility. Traders are carefully assessing the CPI data to understand the Federal Reserve's future moves. A CPI lower than expected could favor a less restrictive monetary policy, potentially positive for risk assets like Bitcoin.

However, uncertainties remain, and the market seems to be waiting for further signals before taking a decisive direction. Technically, resistance levels are observed around $105,000 and supports in the $102,000 range. The overall market sentiment, measured by the Fear and Greed Index on Binance Square, stands at "Greed" (73), indicating cautious optimism.

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