US CPI cools off! BTC $63,448 bottoming out successfully—ready to rebound?
💡 Positives—Inflation data cools down, rate-cut expectations for the Fed rise, and improving risk appetite directly benefits BTC.
BTC has been whipsawing between $63,317 and $64,400. The panic triggered by MicroStrategy’s selling has mostly been digested. Now it’s stabilizing around $63,448. Its market cap of $1.27 trillion hasn’t changed.
Put simply: it can’t go down anymore. The consecutive sell-off the past couple of days was because MicroStrategy sold another batch of coins, which startled the market. But this wave of selling pressure has already run its course. Once the CPI data came out, the decline in inflation gave the market reassurance.
The transmission path is very clear: CPI cools → Fed rate-cut expectations rise → expectations for macro liquidity improve → risk assets benefit. BTC, being the most liquidity-sensitive asset, reacts the fastest.
ETH is also warming up. It’s now at $1,888.08, up 1.35% over the past 24 hours.
In the short term, once the negatives are out of the way, they turn into positives. MicroStrategy’s selling pressure has been absorbed, and the CPI data provides macro support again—so I like the rebound from here. For BTC, watch support at $63,317, which is today’s intraday low. As long as it holds, you’re fine. On the upside, look for a breakout above $64,400—today’s high. Break through it and you can open up room.
ETH follows BTC, but with higher volatility. Use $1,888.08 as a reference defensive level.
I’m inclined to try a low-position long here rather than going heavy, since a full reversal hasn’t been confirmed yet. Place the stop-loss below $63,317. The risk-reward ratio is reasonable.
🎯 Impact Outlook
- Asset: BTC / ETH
- Bias: Bullish📈 Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
If you agree that this BTC move is set up for a rebound, hit like and let me see how many people are with me.
$BTC $ETH #BTC #ETH
#Macro
⚠️ Not investment advice
💡 Positives—Inflation data cools down, rate-cut expectations for the Fed rise, and improving risk appetite directly benefits BTC.
BTC has been whipsawing between $63,317 and $64,400. The panic triggered by MicroStrategy’s selling has mostly been digested. Now it’s stabilizing around $63,448. Its market cap of $1.27 trillion hasn’t changed.
Put simply: it can’t go down anymore. The consecutive sell-off the past couple of days was because MicroStrategy sold another batch of coins, which startled the market. But this wave of selling pressure has already run its course. Once the CPI data came out, the decline in inflation gave the market reassurance.
The transmission path is very clear: CPI cools → Fed rate-cut expectations rise → expectations for macro liquidity improve → risk assets benefit. BTC, being the most liquidity-sensitive asset, reacts the fastest.
ETH is also warming up. It’s now at $1,888.08, up 1.35% over the past 24 hours.
In the short term, once the negatives are out of the way, they turn into positives. MicroStrategy’s selling pressure has been absorbed, and the CPI data provides macro support again—so I like the rebound from here. For BTC, watch support at $63,317, which is today’s intraday low. As long as it holds, you’re fine. On the upside, look for a breakout above $64,400—today’s high. Break through it and you can open up room.
ETH follows BTC, but with higher volatility. Use $1,888.08 as a reference defensive level.
I’m inclined to try a low-position long here rather than going heavy, since a full reversal hasn’t been confirmed yet. Place the stop-loss below $63,317. The risk-reward ratio is reasonable.
🎯 Impact Outlook
- Asset: BTC / ETH
- Bias: Bullish📈 Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
If you agree that this BTC move is set up for a rebound, hit like and let me see how many people are with me.
$BTC $ETH #BTC #ETH
#Macro
⚠️ Not investment advice