📉 BTC/USDT Post-PPI Analysis — Weak Momentum, Support Test Underway
Bitcoin is currently trading at 117,183.79 USDT, down -1.11% on the day. The decline continues after the release of hotter-than-expected U.S. PPI data, which has pressured risk assets and triggered profit-taking across crypto.
🔍 Trend Structure:
- EMA(34): 116,347.45
- EMA(89): 110,961.85
- EMA(146): 106,289.85
- EMA(200): 102,521.27
BTC remains above all major EMAs, but price is now hovering just above EMA(34). A break below this level could shift short-term sentiment bearish.
📊 Momentum Indicators:
- MACD: Still bullish (DIF 1,062.65 > DEA 930.71, MACD 131.95)
- RSI(6): 44.92 — neutral to slightly bearish
MACD shows momentum is fading but not yet reversing. RSI below 50 suggests weakening strength — BTC may need to consolidate before any recovery.
🔧 Volume & Participation:
- Volume: 13.41B — moderate, not signaling panic
- MA(5): 21.56B
- MA(10): 16.49B
Volume is steady, but not surging — indicating controlled selling rather than capitulation.
📌 Key Levels:
- Resistance: 120,000 → 124,474
- Support: 116,347 (EMA34) → 110,961 (EMA89) → 106,289 (EMA146)
If BTC holds above 116,347, the bullish structure remains intact. A break below EMA(89) could trigger deeper correction toward 106K.
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⚖️ Summary:
- ⚠️ PPI shock continues to weigh on price
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and MACD for signs of reversal or breakdown
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