CPI sent Bitcoin sliding

The inflation print triggered extreme volatility in BTCUSDT, driving price down through support before the dust settled.

“Bitcoin experienced extreme CPI-driven volatility”

Liquidity grabbed, then reversed

Price swept the stops sitting under support and climbed straight back into the intraday range, a classic grab-and-go move.

“sweeping liquidity beneath support before quickly recovering back into the intraday range”

Building a base at 76.4K

BTC is now trying to form a floor just above the major support zone at 76,400 to 76,500, with buyers defending the area.

“BTC is attempting to build a base above the major support zone around 76.4K - 76.5K”

Three upside targets

If the reclaim holds, the first stop is 77,950 to 78,000, then 78,450 to 78,500, with 79,500 to 79,600 as the stretch goal.

The range reclaim matters

The setup rests on BTC getting back inside its range and staying there. A strong reaction off the demand zone is the evidence so far.

“Range reclaim attempt in progress”

What kills the trade

A sustained close below 76.4K breaks the bullish read and sends the whole scenario back to the drawing board.

“A sustained move below the 76.4K support region would weaken the bullish recovery scenario”