Bitcoin Falls 4% After Inflation Shock — Short-Term Correction to Watch
I see Bitcoin pull back roughly 4% to $117,460 after touching a record $124,480, a move likely sparked by surprise inflation data rather than a decisive trend reversal.
The technicals show a neutral RSI and mixed momentum, so I view this as a short-term correction that needs confirmation before committing more capital.
I will monitor price action around recent support and wait for clearer momentum or on-chain signals before increasing exposure; manage risk if volatility persists.
Analysis
Price slipped after macro news; RSI is neutral and momentum indicators are mixed, suggesting the move may be a volatility-driven pullback rather than the start of a sustained decline.
Recommendation
Watch and wait for confirmation — hold existing positions, avoid adding size until momentum improves or key support is tested; use tight risk controls if trading the bounce.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.