$BTC Review
After reaching a high of $83,500, $BTC has retraced by about $5,000. This indicates that BTC is facing significant selling pressure at the previous support level of around $82,000.
Despite favorable CPI data, the capital markets are collectively correcting to absorb the selling pressure generated by this recent surge.
$80,500 was easily breached, indicating that the position at $74,800 is not a double bottom structure. It is expected that in the next 5 days, BTC will still be in the range of $76,000 to $86,000, with an overall trend oscillating upwards.
