Weak Bounces and Bigger Questions: Bitcoin Drifts as Macro Risks Pile Up
BTC fails to hold rebounds above 88K while CPI and BoJ decisions loom, leaving price action stuck between accumulation and deeper distribution risk.
🪙 Crypto Market Overview
Bitcoin and the broader crypto market remain under pressure. The latest rebound stalled below 88,000 USD, and bulls failed to push price toward the nearby liquidation pocket around 89,000 USD — a sign that short-term demand is still lacking.
Looking ahead, the macro calendar is heavy. The upcoming CPI inflation report and the Bank of Japan rate decision both lean against risk assets. Inflation is increasingly expected to remain sticky, which complicates expectations for rate cuts next year, even as U.S. unemployment has started to edge higher.
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