Bitcoin Falls to 11-Week Low After US Inflation Data

BTC is at 73,782, its lowest level in 11 weeks, with a negative 24-hour change. The RSI at 36.5 is weak but not yet in oversold territory; the MACD is below the signal line and negative, indicating downward momentum. The price is trading below the SMA20 and SMA50, with the short-term trend under pressure. The deterioration in risk appetite following the inflation data suggests that selling pressure may persist for 1-3 days, but the low RSI level also increases the likelihood of rebound buying.

COIN has already posted a sharp 10.8% decline as Bitcoin drops to an 11-week low, and because it is highly beta-linked to crypto assets, negative pressure may persist. With an RSI of 42.8, it remains far from oversold territory, while MACD is negative and trading below its signal line; momentum is weak. The price is attempting to hold near SMA20 (136.0), but remaining below SMA50 (141.6) confirms that the short-term trend is downward. Deterioration in risk appetite following the inflation data and crypto weakness increase downside risk over the next 1-3 days, though confidence is moderate given the possibility of bargain-hunting after the sharp selloff. A break below SMA20 could deepen the selling; holding above it could bring a short-term recovery attempt.