⚡ US CPI Update: Inflation comes in at 3.3% (previous: 2.4%) — a notable increase, signaling renewed macro pressure.
$BTC – Market Insight
Price isn’t showing a typical pullback after the impulse move. Instead, it’s consolidating just below the $72K–$73K resistance zone, indicating strength.
Candles remain calm with a clean structure, suggesting controlled price action rather than exhaustion. On the 4H timeframe, RSI is sitting around 67 — bullish, but not yet in extreme overbought territory.
Outlook:
• Bullish scenario: Break and hold above $73K could trigger continuation toward new highs
• Bearish scenario: Failure to break may lead to a short-term pullback or sideways consolidation
Overall, this type of compression below resistance often signals potential breakout continuation rather than weakness.
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