$BTC is attempting to hold the 60.8K Previous Daily Low (PDL).

For today, I'm leaning bearish as Bitcoin's price action still lacks conviction.

There’s clear liquidity sitting above current price around 65K and 68K+, making it possible for price to make a move toward those levels before seeing a rejection.

At the moment, BTC remains within the previous daily candle’s range. The long setup shared yesterday has already been triggered and remains active.

As mentioned yesterday, if you entered below 61K, it may be wise to move your stop to breakeven or place it below the 60.8K PDL to reduce risk.

Regarding new trades, I opened a short position yesterday and would consider adding to it if price fills the 62.5K imbalance and rejects around the 63.5K Previous Daily High (PDH).

That short setup becomes even stronger if BTC first loses the 60.8K PDL, adding extra confluence to the bearish case.

For longs, my view remains that the best entries were available yesterday. If bulls can break out of the current range, my upside targets remain the liquidity zones around 65K and 68K.

With CPI data due today, I'm not expecting significant movement during the London session. The New York session could bring increased volatility once the numbers are released.

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