CPI meets expectations, but BTC pulled a 'fake dip, real pump' move U.S. August CPI YoY came in at 3.4%, matching expectations and the previous value. However, core CPI MoM rose to 0.3%, higher than the expected 0.2%. As soon as the data dropped, the market's initial reaction leaned hawkish: U.S. Treasury yields climbed, and expectations for a Fed rate hike next week surged. BTC briefly plunged to around $76,000. On the surface, higher-than-expected core inflation is bearish for risk assets. But on the charts, BTC quickly recovered after the first dip, indicating strong support around the $76K level. Now, it’s all about whether $77,000–$77,500 can hold steady~