bitcoin:native is in a downtrend, but a bullish breakout from a Channel Down pattern suggests the trend may be reversing. Crypto responded to the cooler-than-expected CPI report exactly as expected: 📈 ~$56M in short liquidations 📈 Lower rate-hike expectations 📈 BTC rallied back to test the key $65K resistance. This level has rejected price several times over the past few weeks. A decisive breakout above $65K could pave the way toward $70K. One thing to keep in mind: CPI is backward-looking. Rising oil prices and renewed Middle East tensions could keep inflation sticky in the months ahead. Read the full analysis in yesterday's newsletter👇
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