Bitcoin: Hot CPI Prompts Quick $76.7k Dip

Bitcoin slipped to $76.7k on the hotter-than-expected August CPI release before rebounding to $77.6k, showing markets have already priced in the Fed's remaining policy tightening this week.

Price action on the 4h chart reveals BTC testing upper Bollinger resistance at $77866.22 while the EMA50 at $77862.15 functions as immediate support and the EMA200 at $74335.19 anchors the broader bullish structure; with RSI at 55.41 and MACD confirming a golden cross, the contained reaction points to a healthy consolidation before any continuation higher.