CMC News

$BTC and $ETH Dip After CPI Data Despite Bullish Charts

$BTC has declined 2.3% to $106,369 following cooler-than-expected inflation data.

$ETH dropped 5% to $2,646 in a classic "buy the rumor, sell the news" reaction.

Annual inflation comes in at 2.4% versus the 2.5% forecast, triggering profit-taking.

Technical analysis shows both assets remain within ascending channels, suggesting normal retracement.

$BTC is trading above the 50-day moving average in a horizontal channel formed since mid-May.

Key support for $BTC sits at a lower channel boundary around $103,000.

$ETH shows more bullish structure breaking out of its consolidation channel.

The Crypto Fear and Greed Index has cooled slightly to 61, indicating measured #MarketSentiment.