$BTC is moving sideways ahead of CPI, pretty much as expected.
As mentioned yesterday, markets often get choppy before major economic data, building liquidity on both sides without showing a clear direction. BTC has done exactly that, with liquidity sitting above $84.4K and below $80.4K.
CPI drops at 8:30 AM New York time, so I’m staying out until the numbers are released and the market shows its hand.
My preferred scenario is a push toward the $87K highs, but I’m keeping an open mind.
The $85K area is a potential short zone if price gives a clear confirmation. If BTC holds $81K after CPI and the market stabilizes, I’ll look for a possible long setup.
If sellers take control, I’ll be watching for a sweep below $80K before considering a long.
No need to force a trade here. Let the CPI reaction and the New York session provide the direction.
#CPIWatch
As mentioned yesterday, markets often get choppy before major economic data, building liquidity on both sides without showing a clear direction. BTC has done exactly that, with liquidity sitting above $84.4K and below $80.4K.
CPI drops at 8:30 AM New York time, so I’m staying out until the numbers are released and the market shows its hand.
My preferred scenario is a push toward the $87K highs, but I’m keeping an open mind.
The $85K area is a potential short zone if price gives a clear confirmation. If BTC holds $81K after CPI and the market stabilizes, I’ll look for a possible long setup.
If sellers take control, I’ll be watching for a sweep below $80K before considering a long.
No need to force a trade here. Let the CPI reaction and the New York session provide the direction.
#CPIWatch