$BTC — Update. Not much has changed since yesterday's post. Small bounce to $63k.
We bounced back to $63K following the CPI print.
Orderflow was bullish locally:
- Orderbook bid dominant
- Shorts getting absorbed.
Currently we are facing some resistance:
- Orderbook has now flipped ask dominant with limit sells stacked around $63–63.6K.
- Spot CVD flat/slightly down, not the confirmation needed for a clean push higher.
- OI trending slightly up, expect potential volatility around US session
Scenarios unchanged from yesterday.
$60.1–60.3K remains the line.
1) Lose it and the current lows around $59.1 come back into play.
2) Hold it and $64.2–64.7K liquidation cluster is the target above.
SpaceX listing tomorrow at $1.77T, largest IPO in history. BTC most liquid risk-on asset in the room.
Watching how that plays into tonight's US session.