Price trades at 79,089, down 2.45% on the day and 2.44% on the week, sitting 1.93% below the 50-day moving average. RSI at 47.3 reflects a neutral momentum stance, while ATR near 1,229 implies an average daily range that justifies wider stops. A recent 50-day crossover signal flagged bullish (confidence 51) is now being tested as the pullback retraces that breakout zone.

Realized 20-day volatility at 22.15% remains contained for crypto, suggesting orderly profit-taking rather than forced liquidation. The 0.93 correlation with Ether and 0.79-0.81 readings against XRP and Solana indicate the move is broad-based across majors, not idiosyncratic. Macro positioning is cautious into US PPI, with traders unwilling to add risk before fresh inflation prints reshape Fed expectations.

Initial support sits at the 50-day proxy near 80,650, with deeper bids likely toward 77,800 (roughly one ATR below spot). Reclaiming 80,300 would neutralize the breakdown and re-engage the prior bullish crossover thesis. The immediate catalyst is today's US PPI release at 12:30 UTC, a high-impact print that will steer dollar and rate expectations and, by extension, crypto risk appetite.