Bitcoin: PCE Data Frames Jackson Hole Outlook

Bitcoin approaches Jackson Hole near $80k while July PCE data at 3.7% YoY and core 3.3% keep inflation above target, elevating long-term Treasury yields in the cross-asset picture.

Price action on the 4h chart shows BTC inside the Bollinger Bands with upper resistance at $80491.33 and lower support at $77991.82. The EMA50 at $76651.67 and EMA200 at $69618.98 anchor the bullish structure, yet the MACD death cross at 766.03 signals fading momentum even as RSI(14) sits neutral at 59.02. A test of upper band resistance could trigger a measured pullback toward the 50-EMA before any sustained push higher.