Bitcoin dipped to the $76,000 area on a hot inflation report and then bounced hard, which looks good for buyers as long as the recent low holds.

• Core inflation came in hotter than expected, and a Fed move next Wednesday is now the base case.
• Stocks shrugged it off and rose, and when the first hour after an inflation report closes green, the day and the next trading day usually finish green too.
• Bitcoin wicked below $76,000, then ran $3,000 in two hours after hitting the moving average it was expected to fall to.
• Past setups like this one typically bounce 4% in three days, 6% in five days, and close to 8% within ten days.
• Ethereum is attempting a real breakout above all its major weekly averages, which is a good sign for Bitcoin.

Outlook: Another dip toward $77,000 over the weekend is likely, with the bigger upside move expected late September into October.

## Bitcoin Levels

• **Bias:** Bullish — treating this as a bullish consolidation and a likely higher low.
• **Buy / accumulate:** The $76,000–$77,000 dip zone; another shot at ~$77,000 expected over the weekend.
• **Sell / take profit:** Range highs at $83,000 and change; $82,420 is the previous major weekly swing high.
• **Support:** $77,620 (CME close level), $77,769, $77,935 midband, $78,170 (55 EMA), $75,500 trending higher low.
• **Resistance:** $79,606, $80,000, $80,220 pivot.
• **Targets:** $79,711 in three days, $81,226 in five days, $82,420 in ten days; higher target $83,000+.
• **Invalidation:** A daily close below $75,500 opens a deeper drop to $70,000–$71,000.