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Bitcoin Dips to $94K Amid Hotter-Than-Expected US CPI DataThe cryptocurrency market experienced a sharp selloff following the release of the latest US Consumer Price Index (CPI) data, which came in hotter than expected. Bitcoin, the flagship cryptocurrency, fell by 3% to $94,000, reflecting the broader market’s reaction to rising inflation concerns. The January CPI data revealed a 3% year-over-year (YoY) increase, up from December’s 2.9%, while the monthly CPI rose to 0.5%, exceeding market expectations. This unexpected spike has reignited fears of a prolonged hawkish stance by the Federal Reserve, dampening investor sentiment across both traditional and crypto markets. Inflation Woes and Macroeconomic Pressures 1. Hotter-Than-Expected CPI Data The US Labor Department reported that the January CPI inflation rose to 3% YoY, surpassing the market consensus of 2.8%. On a monthly basis, inflation increased to 0.5%, up from December’s 0.4%. Core CPI, which excludes volatile food and energy prices, also came in higher than expected at 0.4% monthly and 3.3% YoY. These figures indicate that inflationary pressures remain persistent, complicating the Federal Reserve’s path to rate cuts. 2. Federal Reserve’s Hawkish Stance The Federal Reserve has maintained a cautious approach to monetary policy, with Chair Jerome Powell emphasizing the need for more evidence of cooling inflation before considering rate cuts. The hotter CPI data has further solidified the Fed’s position, reducing the likelihood of near-term rate cuts. This has weighed heavily on risk assets, including cryptocurrencies, as higher interest rates typically reduce liquidity and investor appetite for speculative investments. 3. Impact on Crypto Market Sentiment The crypto market has been highly sensitive to macroeconomic data, and the latest CPI release has exacerbated existing fears. The global crypto market cap fell by 3.3% to $3.1 trillion, with Bitcoin leading the decline. The US 10-year Treasury yield surged by 2.05% to 4.630%, while the US Dollar Index (DXY) rose by 0.42% to 108.290, adding further pressure on Bitcoin and other cryptocurrencies. Technical Analysis 1. Immediate Price Reaction Bitcoin’s price dropped sharply from $96,488 to $94,000 within minutes of the CPI data release. This decline reflects the market’s immediate reaction to the negative macroeconomic news. As of writing, Bitcoin is down 1.23%, trading near the oversold region with a Relative Strength Index (RSI) of 38. 2. Key Support and Resistance Levels - Support: If selling pressure persists, Bitcoin could test the $80,000 support level, a critical psychological and technical threshold. - Resistance: A breakout above the 38.2% Fibonacci retracement level could reignite bullish momentum, potentially pushing Bitcoin back toward the $100,000 mark. 3. Chart Patterns and Indicators Bitcoin’s price action is currently hovering near key moving averages, indicating a tug-of-war between bulls and bears. The RSI at 38 suggests that Bitcoin is nearing oversold territory, which could attract buyers looking for discounted entry points. However, the overall trend remains bearish in the short term, with the falling RSI and declining price action signaling caution. 4. Market Sentiment and Volume Trading volume has spiked following the CPI release, indicating heightened market activity. The increased volume during the selloff suggests that investors are reacting strongly to the macroeconomic data, with many opting to take profits or reduce exposure to risk assets. Conclusion: The latest US CPI data has underscored the crypto market’s sensitivity to macroeconomic developments, with Bitcoin and other digital assets experiencing significant volatility. While the short-term outlook remains uncertain, the long-term potential of Bitcoin and the broader crypto market remains intact.
COINBASE:BTCUSDLong
by DEXWireNews
BTCUSD SHORT Bitcoin!!!! Market structure Bearish on HTFs DW Entry at both Weekly and Daily AOi Weekly Rejection At AOi Previous Weekly Structure Point Daily Rejection At AOi Previous Daily Rejection At AOi Around Psychological Level 99 000 H4 EMA retest H4 Candlestick rejection Levels 7.43 Entry 105% Looking at potential retrace to 90 000 REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
BINANCE:BTCUSDShort
by mobbie_zw
1
BTCUSDBTC/USD is showing a potential buy opportunity following a breakout of the downward trend on the 30-minute timeframe. This breakout signals a possible shift in momentum toward the upside. Trade Setup: 🟢 Buy Entry: 96,000 🔴 Stop Loss: 94,900 (Below key support to manage risk) Target Levels: ✅ Target 1: 97,100 ✅ Target 2: 97,800 ✅ Target 3: 98,500 Risk Management: ⚠️ Always use a stop loss to protect capital in case of unexpected reversals. 📊 Risk-to-reward should be at least 1:2 or 1:3 for optimal trade setups. 💰 Avoid overleveraging—proper position sizing ensures account sustainability. 👀 Monitor price action closely, and adjust stop-loss levels as the trade moves in profit. If BTC/USD holds above 96,000, bullish momentum could drive prices toward the targets. However, patience and confirmation from price action are key before entering the trade.
BINANCE:BTCUSDLong
by Pipsview_Analysis
BTC complete Analysis ........Whats next .... bear or BullBTC/USD 4H Chart Analysis Key Observations: Descending Channel: Price is moving within a downward-sloping channel with lower highs (LH) and lower lows (LL), indicating a bearish structure. Major Support & Resistance: Support: Around $89,000, marked as "major support." Resistance: Around $105,000, marked as "major resistance." BTC is currently near support, which could act as a potential bounce zone. Double Top Formation: A double top pattern was formed around $105,000, confirming strong resistance. This led to a rejection and continuation of the downtrend. Fake Breakout: A previous attempt to break above resistance failed, causing a sell-off. Potential Scenarios: Bullish Case: If BTC holds the support zone and breaks the resistance line, it could move towards the $100K+ zone. Bearish Case: If BTC fails to hold support, it could retest $89,000 as mentioned on the chart. RSI Divergence: RSI is showing a slight bullish divergence, meaning price is making lower lows while RSI is making higher lows. This could indicate a potential reversal or temporary bounce. Conclusion & Strategy: Watch the GETTEX:89K -$90K support level closely. A breakout above the resistance line may confirm a bullish reversal. If price loses support, the next downside target could be $85K-$87K. RSI divergence suggests a possible short-term bounce. 🚨 Trading Plan: Long Entry: If BTC reclaims the resistance line with volume confirmation. Short Entry: If BTC loses support and breaks below GETTEX:89K with strong selling pressure.
BINANCE:BTCUSD
by limitissky77
BTCUSD - M15 Short-Term Downside - Timing Today's USD NewsAnalysis of overall situation: We had a strong push up (to the left) We're now in a retracement phase. Usually there are 3 pushes down before the retracement is done. We're on that 3rd push phase. I'm looking to Buy overall, so this is a short-term scalp in line with the retracement. (The Buy scenario is the orange SnDR zone lower) H4 candles still showing weakness, indicating the retracement isn't done yet. Also, the spike from the previous M15 low happened at the new day, which hints it's not the real low. Waiting for the market to first take liquidity off the high of today, ideally enter into the gap (blue zone) then create strong Bearish candles. Entry will be on any M5/M15 retracement - after a break of structure. Also eventually breaking the current upward trendline. Targeting the M15 low Timing for this entry is after the USD News at NY Session. If market hits the invalidation level marked, then this idea is discarded.
CRYPTO:BTCUSDShort
by The_Peaceful_Trader
BTCUSD TECHNICAL ANALYSIS H1 NEXT MOVE POSSIBLE Trade Setup - _Entry Point_: 9700 - _Target Point_: 9800 - _Stop Loss_: 9650 This trade setup has a potential profit of 100 units and a stop loss of 50 units. Risk-Reward Ratio Your risk-reward ratio is 1:2, meaning that for every unit you risk, you're potentially gaining two units. Trading Considerations - Monitor the market closely and adjust your trade setup as needed. - Consider setting a trailing stop loss to lock in profits. - Keep an eye on market news and events that could impact price movement. Good luck with your trade!
BITSTAMP:BTCUSDLong
by DavidHills110
2
Bitcoin (BTC): Attentions at $102,000 and $92,000On a 1D timeframe, we are seeing some kind of reversal currently, which might send the price to the $102K area, where we then should see a proper move to lower zones. Now we are not going to rush blindly to short here but we are waiting for more confirmations, which would be either a proper rejection from $102K or a breakdown + re-test of the GETTEX:92K zone. After that, we will see a proper free fall below EMAs! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
Bitcoin's Next Move : Long Position Analysis!BINANCE:BTCUSDT : Potential Reversal Pattern After a significant downtrend, Bitcoin is showing signs of a potential reversal. The chart reveals a possible inverse head-and-shoulders pattern, which could indicate a bullish turnaround. Key Levels: - Resistance: $92,000 - Support: $107,000 Analysis: The RSI is approaching oversold territory, a bullish crossover we may see. If Bitcoin can break above the resistance level, we may see a significant price increase. Trade Idea: Place Long @ $95,000 or place long below $93,500, targeting $105,000. Stop loss at $88,000. Disclaimer: This is a high-risk trade idea. Always use proper risk management and consult with a financial advisor before making any trading decisions.
OANDA:BTCUSDLong
by LegendaryTom
Some interesting parallel channel linesEvery single one of these lines has significant resistance and support with price action candle wicks and bodes. We can see that the double top of the last bull market has both of it tops connected by one of these channel trendlines. That same trendline we broke above not too long ago nd t was also during the recent correction the exact level of support for the lowest we’ve gone during the correction. I get the feeling that that trendline is now the new floor on bitcoin. Will be interesting to see how price action responds to these trendlines in the near future. The current top trendline could very well end up being our next big resistance,however on the way there we will be breaking up from a bull flag that has a much higher target than that current top trendline so it may not. I feel probability of the other trendline that connects the most recent major support to the last bull market double top being the new support floor for bitcoin is higher though. It’s currently at 90k. Of course there’s always a chance we eventually correct down to 78k or so to fill the CME futures gap but if so y guess is we will break upward one ore leg first before we were to do anything like that. If we did indeed go down to fill that CME futures gap at some point that is when I believe will be the last time under the current support trendline which is right now sitting around 90k *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
2
US30USD (BULLISH MOVE AHEAD...)Hello traders The price is consolidating between 100096 and 96700, indicating a potential upward move toward 100096. If the price breaks above this level with strong momentum and volume, it is likely to continue rising toward 102360, where it may enter the bullish zone. Further bullish movement could push the price toward 106961, where it might face stronger resistance. The ascending trendline and recent bullish attempts suggest that buyers are trying to gain control, supporting the bullish outlook. If the price fails to break 100096 and reverses, it may retest the lower support at 96700. A confirmed bearish trend will start if the price drops below 96700 and exits the ascending channel, leading to further downside movement. In that case, possible support levels to watch are 93723 and 91579, where buyers might attempt to regain control. Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
BINANCE:BTCUSDLong
by ArinaKarayi