🔑 Today's release of the Consumer Price Index (CPI) holds significant importance, particularly in light of recent inflation debates.
💵 The CPI serves as a crucial metric for measuring inflation.
💸 Bitcoin's price levels are closely tied to CPI data, with $62.6K and $61.8K serving as key thresholds to watch.
📌 Any movement above $62.6K or below $61.8K may prompt a retest to validate the price action.
❗️ These levels are pivotal for planning significant trades.
📉 Historical data shows that CPI release days often trigger substantial price movements, followed by a return to CPI levels shortly after.
❗️ For instance, on September 13th, prices initially surged but reverted to CPI levels within 12 days.
📌 Keep a close eye on these levels for potential retests.
