BTC is waiting for CPI today. The scenario from yesterday didn't change much, and I'm still targeting lower for quality long entries. We saw a dump towards 61.8K and Bitcoin is holding the lows, pressure remains down. The short I mentioned is still valid, I'm more conservative with my TP's if I take it because price is starting to compress. If CPI triggers enough volatility and pushes price towards the 63.5K zone, I'm shorting the reaction towards 60.4K. Orderflow shows increasing OI and spot selling on this last dump, with funding rates still positive. Showing new shorts are entering. The last push towards the upside showed little spot buying and OI dumping, so to me it doesn't look strong yet. Therefore I'm targeting lower for longs, my main POI is at the 60.4K area, and if we lose that around the monthly open at 58.7K. Only longing the reaction since we're still in a bearish trend on the higher timeframes. Let's see if CPI gives us an entry.(Lennaert Snyder)