Bears just slammed $BTC back to the $70,000 zone after rejecting the $75K rally—but this isn’t weakness, it’s structure. Despite selling pressure, $BTC is holding strong near key support, signaling accumulation, not collapse. With Middle East tensions rising and the Federal Reserve staying hawkish, all eyes are on CPI data. Smart money is watching closely—this phase could decide the next explosive move.
Synopsis
Bitcoin hovered near $70,000 amidst geopolitical tensions, a hawkish Fed outlook, and ETF outflows. Markets await CPI data for direction, with $70,000 acting as a key support level. Analysts suggest a consolidation phase, with the broader bullish structure intact despite short-term selling pressure.
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