$BTC moved lower after CPI came in slightly hotter than expected, sweeping the 73.5K PWL as anticipated earlier today. With more sell-side liquidity now taken, a move toward the buy-side liquidity could become an interesting possibility. That said, Bitcoin will likely need some time to settle and consolidate after this move. I'm not rushing into a long here. I'd rather wait for a clear shift in price action before considering an entry. My short POIs remain unchanged at the 78K and 80K regions. There's still plenty of room for BTC to move lower, so I don't want to catch a falling knife if the market decides to reprice further down. The only scenario that would make me consider more aggressive continuation shorts outside those zones is a strong breakdown below the 73.5K PWL, followed by price reclaiming that level as resistance. Otherwise, if we don't see strong displacement below the PWL and instead get a shift followed by a reclaim, 76.2K becomes an interesting upside target. #BTC Price Analysis# #Macro Insights#
