Facts: Testing and retested support at the 50-Day SMA is extremely bullish for $BTC . Rejections from 3 consecutive daily resistance tests at the 21-Day SMA indicate that bulls don't yet have the momentum to breakout. Another rejection from the Q4 Timescape R/S Flip Line at $83.5k validates the fading bullish momentum. Conclusion: In lower timeframes, Bitcoin direction is still somewhat undecided because structural strength is being offset by thin liquidity and ETF outflows. Wednesday’s CPI data may act as a catalyst for volatility, but knee jerk reactions to those kinds of drivers can quickly fade or revert quickly. Regardless of narratives and news headlines, until BTC can start printing full candles above both Q4 Timescape Levels at $83.5k and $86.5k there is a chance for a deeper support test down to the $69k - $75k range. That’s not a forecast, just a realistic possibility that we can’t rule out yet. #BTC Price Analysis#