Bitcoin, Ethereum Slip After CPI Shock—But Charts Still Say ‘Not Bearish’: Analysis

Bitcoin He retreats after just a few days ago, almost hitting a new high price-Pa where the next one could go? If you are in a technical analysis, you have come to the right place. Let’s look at the scales:

Bitcoin reduced $ 1.2% to $ 107,369 and Ethereum He relaxed $ 0.96% to $ 2,746 because the consumer prices index data than the cooler of expected have started a classic “Buy Rumors, sell news” in cryptic markets. The initial rush above $ 110,000 for Bitcoin and close to $ 2,880 for Ethereum quickly turned away while after the CPI report showed a profit collection that showed an annual inflation to 2.4% compared to 2.5% of forecasts.

Technical analysis reveals that both assets remain within the well -defined rising channels, suggesting that the withdrawal is a normal diverting rather than a trend reversal. IN Crypto fear and index of greedwhich measures an appetite for an investor due to this risky property, he refused from 72 to 71, indicating a slightly refrigerant mood in what was an increasingly greedy market environment.

Bitcoin holders take profit close to all time

The daily chart reveals that Bitcoin is pleasantly traded above EMA50 (the average price of bitcoin in the last 50 days), in a horizontal channel that began to form in mid -May, consolidating prices after bikova correction deleted losses from February to April. This Green Channel Uzdizaljaks is crucial – as long as Bitcoin stays within these boundaries, a wider bull structure remains intact for traders who observe these indicators.

The current technical indicators paint the measured image. The relative strength or RSI index is located on a neutral 55 and suggests that Bitcoin has cooled from the recent highlights without becoming exaggerated. There is room to move up before hitting an excessive 70+ territory on the ladder. RSI quantifies speed and size of recent prices changes, helping retailers to understand whether movements price assets are strong and sustainable, or weak and potentially reverse

The average reading of the 17 -point orientation index indicates that the immediate power of trend is moderate to weak, not explosive, suggesting that we are in the consolidation phase, not a strong trend. This indicator measures how strong is the specific trend of price. However, the 50-day Emma trading above the 200-day EMA confirms that the long-term bull bias remains intact because short-term merchants operate at prices above those people who trade a coin for a long time.

The key support zone is located on the lower limit of the ascending channel around $ 103,000. The interruption below this level would signal potential weakness, while the track above the upper boundary of the canal is held near all high prices of all time.

Despite the fall, Ethereum is still a bull – a little more than bitcoin

The Ethereuma graph structure is significantly bikolska from Bitcoin, which currently breaks its own horizontal channel, which consolidated its prices by bounced around $ 2,400 and $ 2,700 after the big bull’s swing on May 8. Price action shows that ETH has successfully defended the support of channels several times, building confidence in the form.

Technical momentum indicators show more optimism among ETH traders.

The RSI for 62 years shows that Ethereum is approaching, but is not yet on an overblown territory, suggesting the potential for further progress before meaningful withdrawal.

ADX in 25 is definitely less ambiguous reading than Bitcoin, indicating a stronger momentum of trend in favor of Ethereum. However, it seems that the volume compression phase is currently.

Support from $ 2,400 to $ 2,500 offers a convincing risk/reward setting for those who seek entry points, while the interruption above $ 2,850 could trigger a momentum toward $ 3,000 and $ 3,300.

The following levels of key to viewing: Bitcoin channel support in the amount of $ 104,000 to $ 105,000, and Ethereum’s canal resistance to $ 2850. These levels are likely to determine if we see a renewed institutional purchase or deeper corrections in the short term.