$BTC closing a Doji candle after CPI news is a relatively bad sign.

- After dumping through the 60K mark last night, the long team was liquidated 140M USD.

- Binance and Coinbase immediately sold spot after CPI news, currently selling pressure is still high.

- Currently on the order book, there is a relatively large BTC sell wall around the 61Kxx mark.

- In addition, BTC tends to form a local peak after OI hits ATH, which has been verified 5 times, currently OI is still relatively close to the peak.

Expect BTC to recover slightly and then find lower targets below the 57Kxx area.