At the start of the week, we witnessed a brief sharp drop, before the price quickly recovered and surpassed the all-time high to reach $72,800. Currently, my only concern is that the price action is forming an arc pattern. Given that the Consumer Price Index (CPI) is due out at 8:30 AM ET, I expect there will be some volatility in these areas that I marked on the chart, which could cause trouble for us as it could form some trap. Therefore, we try to anticipate these pitfalls by working against any fluctuations that first occur. This is usually my strategy when dealing with CPI transactions.