QCP: Bitcoin technicals intact, but Fed decision on Wednesday is key
- —August CPI: +0.4% month-on-month and +0.3% core versus the 0.2% forecast
- —BTC fell to $76,700 after the data and recovered to $77,600
- —ETH ETFs saw $216.4 million in inflows on Friday, while BTC ETFs saw outflows
- —BTC resistance at $80,000-$82,000, support at $75,000-$76,000
Why it matters: The Fed's tone on September 16 will set the market's direction: dovish rhetoric would support crypto, while a hawkish stance would add pressure.
Source: PANews