Bitcoin: Flat at $63496 Despite 3.4% US Inflation

Bitcoin barely shifted after US inflation cooled to 3.4%, leaving traders focused on the 4h chart structure rather than macro headlines.

Price sits at $63496.37 inside Bollinger Bands, testing near the lower support at $63080.28 while the EMA50 at $64296.39 acts as immediate resistance above the EMA200 at $63739.18. The MACD death cross at -252.41 reinforces the bearish trend, and RSI at 38.94 offers no oversold relief yet. This setup points to a probable retest of the lower band before any sustained move higher, shaping near-term BTC price prediction models.