đ Today's release of the Consumer Price Index (CPI) is pivotal.
đ” For those unfamiliar, the CPI gauges inflation, a topic of much debate recently.
đž Keep an eye on $62.6K and $61.8K for BTC. The CPI data might push us beyond this range.
đ Should BTC break above $62.6K or dip below $61.8K, anticipate a retest to validate the movement.
âïž These thresholds are vital for the next significant trade.
đ CPI release days frequently result in substantial movements, which often revert afterward.
âïž For instance, on September 13th, there was an initial surge, but prices returned to the CPI level within 12 days.
đ Monitor these levels for potential retests.