Bitcoin: Skew Details Pre-CPI Scalp Setup

Bitcoin absorbed heavy spot selling at the swept intra-day low before short covering bids in perps drove price higher into the CPI release, according to trader @52kskew. The setup hinged on energy-driven inflation staying within expectations rather than triggering runaway prints that would force urgent rate hikes. BTC currently trades at $62121.82 inside the Bollinger Bands with upper resistance at $64227.97 and lower support at $60731.38; the 50-EMA at $64087.17 and 200-EMA at $71349.71 continue to cap upside while MACD at -477.71 confirms the death cross and RSI at 47.08 shows neutral momentum, suggesting any push toward upper-band resistance will likely meet selling before a retest of the 50-EMA confluence zone.