I think the lows of the recent week just above the big round number at $60,000 look very pivotal. A bearish breakdown below that area could be a great entry trigger for a new short trade.

On the other hand, a bullish breakout beyond $63,400 could produce a much stronger upwards price movement, as the price would then have room to rise all the way to $65,722 without encountering any obvious resistance.

Regarding the US Dollar, there will be release of US CPI, Retail Sales, and Empire State Manufacturing Index data at 1:30pm London time.#BTC $BTC