Bitcoin started off Monday morning with the bulls and bears already clashing and going head-to-head! However, before the CPI data is released, the bulls and bears are like two fighters with short daggers, just probing each other with light attacks—no heavy artillery has been brought out yet. Based on the data I’m seeing on volume and the order book, both sides seem pretty weak. For short-term moves today, the price might pull back to around 62,500, waiting for the CPI data to drop. If the CPI data comes in higher than expected, the price could drop directly to around 61,500 to consolidate again. The price path would follow the blue trajectory I’ve drawn below. If the CPI data is lower than or meets expectations, the price will likely consolidate in a narrow range around 62,500 before potentially rebounding upward. The price path would follow the yellow trajectory I’ve drawn below. Bullish volume is relatively weak, and the price has already rebounded to just below the 0.786 Fibonacci retracement level for a smaller cycle. There’s still some resistance and pressure here, so a pullback to around 62,500 would be pretty normal.