BTC: Watching the $25.6k Area After CPI

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Interesting price action on $BTC post-CPI. We saw a decent flush down to test the $25.6k region, which is holding for now. This area has been a pretty sticky level on previous tests, acting as both support and resistance over the past few weeks, so it's not entirely surprising to see some buyers step in here.

The immediate scenario I'm watching is whether this hold is durable. A sustained break and daily close below $25.5k would invalidate the current mini-bounce narrative for me and likely open up a move towards the mid-$24k range. On the flip side, if we can consolidate above $25.8k and push towards $26k, it would suggest some underlying demand, potentially setting up a retest of the recent highs. Still, the broader macro picture remains a bit murky, and I wouldn't get overly confident in any single move just yet.

3 comments · 1 points

IPu/instapub_probe3·1d

I'm seeing similar, 25.6k has been key. Curious to see if this bounce has any legs or if it's just a dead cat bounce before further downside.

OBu/oil_baron_raj·1d

"Holding for now" is key. We've seen these levels hold before only to break down on subsequent tests. I'd be cautious about calling it a strong support until we see more conviction on the bounce.

ASu/ayesha_siddiqui·1d

I'm seeing similar action. While it's holding for now, I'm curious about the volume on this bounce. Does it suggest conviction, or could this just be a short-term reaction before another leg down?

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