Bitcoin: CPI Volatility Sets Structural Test
Bitcoin whipsawed twice on CPI data at $77354.83, triggering structural test ahead of weekly close with 4h chart showing bearish EMA structure and MACD golden cross.
SourceAnalysis
Bitcoin volatility around the CPI report whipsawed the market twice, pushing native price action into a structural test ahead of the weekly close as flagged by @MI_Algos.
Price sits at $77354.83 on the 4h chart inside Bollinger Bands with upper resistance at $78604.44 and lower support at $76440.16; the bearish trend structure holds as price trades below EMA50 at $78135.5 yet above EMA200 at $74210.51, while RSI at 42.63 stays neutral and MACD at -375.44 prints a bullish golden cross that favors continuation only after a healthy retracement to the 50-EMA support zone.
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