Bitcoin Hits 11‑Week Low After U.S. Inflation Data

BTC is trading at 73,821 after falling to an 11-week low following the US inflation data, with a negative 24-hour change. Although the RSI at 35.6 is approaching oversold territory, it has not yet signaled a reversal. The MACD is below its signal line and in negative territory, indicating weak momentum. The price is trading below the SMA20 and SMA50, confirming the short-term downtrend. As the news flow weighs on risk appetite, downward pressure may persist over the next 1-3 days, though oversold conditions could prompt relief buying.

COIN is directly negatively affected by Bitcoin's decline to an 11-week low; crypto exchange revenues are sensitive to trading volume and price levels. The stock has already fallen 13% in 24 hours and is trading below its SMA20/SMA50, confirming a weak short-term trend. Although RSI at 36 approaches oversold territory, there is no reversal signal yet; MACD remains in negative territory. As long as the news flow suppresses risk appetite, downward pressure may continue over 1-3 days, though rebound buying could emerge. Nevertheless, caution is warranted without a clear recovery signal.