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