$BTC is showing choppy price action ahead of tomorrow’s CPI data, with volatility likely to remain elevated.
$BTC
Price formed a higher low and quickly rebounded overnight, suggesting buyers are still defending the recent structure.
The $83K level remains a key area to watch on both the daily and weekly timeframes. Meanwhile, liquidity appears concentrated above the current price.
A softer-than-expected CPI reading could provide the catalyst for an upside move and a potential liquidity sweep. Until the data is released, expect the market to remain reactive.
Key level: $83K. CPI will be the next major catalyst.
#BTC #bitcoin #CryptoMarket #cpi
$BTC
Price formed a higher low and quickly rebounded overnight, suggesting buyers are still defending the recent structure.
The $83K level remains a key area to watch on both the daily and weekly timeframes. Meanwhile, liquidity appears concentrated above the current price.
A softer-than-expected CPI reading could provide the catalyst for an upside move and a potential liquidity sweep. Until the data is released, expect the market to remain reactive.
Key level: $83K. CPI will be the next major catalyst.
#BTC #bitcoin #CryptoMarket #cpi