Crypto just flashed a short-term signal 🚨
Bitcoin reacted fast to softer CPI data and momentum picked up right as the Hong Kong consensus event closed. Bulls stepped in, but the real test is simple: can BTC hold strength without losing momentum below the 70K zone? If it stalls again, this could turn into a quick fake-out.
Ethereum pushed back above 2000 and traders are already eyeing 3000 as the next short-term magnet. ETH usually accelerates once confidence returns, but it still depends heavily on BTC staying firm. 🔥
Solana remains one of the hottest narratives, yet many are still trapped from 200+. If momentum continues, SOL could see sharp relief bounces. But if Bitcoin weakens, high-beta plays like SOL may feel it first. 🚀
Macro is mixed. Some analysts see hawkish signals in CPI. Goldman expects two Fed cuts this year, possibly starting in June. At the same time, Wall Street volatility from AI fears is shaking sentiment.
On-chain data suggests strong support near 55K for BTC in worst-case scenarios, but short-term traders are focused on momentum, liquidity, and headlines.
Right now this looks like a tactical bounce, not confirmed breakout mode.
The next few daily closes will decide everything. 👀
#CPIWatch #MarketRebound #CryptoUpdate $BTC $ETH $SOL