📊 BTC UPDATE 14/10 - THE MARKET WAITS FOR CPI
BTC remains within the $81K to $84K consolidation range ahead of tonight’s CPI release, which could have a major impact on its short-term direction.
Price is compressing around 83.5K as buyers and sellers remain evenly matched. The EMAs are clustered together, with price trading closely around them, suggesting a strong breakout could be approaching.
While BTC stays rangebound, we can watch for liquidity sweeps around 84.3K or a pullback toward 81K for potential scalp setups. Keep an eye on the release time, as volatility could increase sharply.
🗺 Trading plan: Watch for a confirmed short around $84.3K, targeting nearby support around $83.5K. Avoid trading during the news release. #CPIWatch $BTC
BTC remains within the $81K to $84K consolidation range ahead of tonight’s CPI release, which could have a major impact on its short-term direction.
Price is compressing around 83.5K as buyers and sellers remain evenly matched. The EMAs are clustered together, with price trading closely around them, suggesting a strong breakout could be approaching.
While BTC stays rangebound, we can watch for liquidity sweeps around 84.3K or a pullback toward 81K for potential scalp setups. Keep an eye on the release time, as volatility could increase sharply.
🗺 Trading plan: Watch for a confirmed short around $84.3K, targeting nearby support around $83.5K. Avoid trading during the news release. #CPIWatch $BTC