The heat is on! We just saw the CPI data and the reaction of $BTC was immediate.
The volatility is insane and this is exactly where the holders are separated from the weekend traders.
​Bitcoin just touched a key liquidity zone. If we close the 4h chart above the moving average, the path to chase that all-time high again clears up. On the flip side, the sell volume is trying to push the price to test those lower supports.
​In my view, moments of uncertainty like today are the best for those with a strategy. Fear is high, but the fundamentals haven’t changed. For me, the main trend still remains BULLISH, but the "shakeout" to clear the leverage was expected.
​What about you, are you taking advantage of the dip to accumulate or waiting for the market to calm down? Watch out for leverage today, the stop is being hunted on both sides!