🔹Bitcoin is trying hard to maintain its position above $60k
🔹Today's market will be volatility due to the release of CPI data.
🔹It's expected to come 3.4%, but if it above this, we might see a market fall.
🔹The CPI data will play a crucial role in determining whether interest rates will be cut in the future or not. However, I don't believe it will exceed 3.4 today.
▫️Bitcoin's price is currently retesting the falling wedge pattern, where we're also seeing significant support.
▫️If this Support breaks There's a chance for Bitcoin will back Below $59,000 and potentially reach $57,000 where it will form a Double bottom pattern.
▫️After this, we might see a bounce back and the price could move towards reclaiming its upside liquidity.