$BTC holds its breath for the CPI-release today. Markets in general tend to stay in tight/choppy consolidations before big news events like CPI. Therefore I don't position before, but the gameplan for after the release is clear. Best case for longing a potential relief bounce is to sweep SSL beneath the 73.5K PWL. If we get that sweep followed by a nice shift, it's valid to long after the trigger towards 76.2K+ BSL. My short POI's for Bitcoin remain the same, I'm eyeing the 78K and 80K region for shorts after the trigger. For now I'm sitting on my hands until CPI is released in todays NY-session.
Lennaert SnyderShare
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