Bitcoin bounced off support and is expected to drift sideways until the new inflation report lands, a neutral setup for traders in the very short term.

• Bitcoin held its support zone and is still stuck in the same range it has traded in for three weeks.
• The inflation report due in under a day is the main risk — a hotter number than expected would likely trigger a selloff, a cooler one a bounce.
• Inflation is still well above the Fed's 2% goal, so markets are pricing in roughly three more small rate hikes by mid next year.
• Ethereum, XRP, Solana and Chainlink all bounced off their own support levels, but each shows weakening momentum on the daily charts.
• Bitcoin's share of the crypto market is climbing toward heavy resistance; a rejection there could let altcoins outperform for a short stretch.

Outlook: Choppy, range-bound trading until the inflation number hits, then a sharp move in whichever direction it surprises.

## Bitcoin Levels

• **Bias:** Neutral short term, bullish longer term (weekly bullish divergence still in play).
• **Buy / accumulate:** $80,000–$82,000 support zone.
• **Support:** $80,000–$82,000; liquidity cluster at $80.2K–$80.3K.
• **Resistance:** $86,000–$88,000; liquidity at $87.4K.
• **Targets:** Range-bound $80,000–$88,000; $87.4K liquidity eventually, not near term.
• **Invalidation:** A break below $80,000 ends the range-holding thesis.