BTC took the 63.3K low and reached our target. I took some profits on the shorts we've been taking from 65.5K, I recommend you do the same and go BE. Bitcoin broke below the important 64K level, and is now consolidating against it. We took out the 63.3K low and tapped into liquidity, still enough liquidity stacked beneath towards 63K. It's possible we get another test in the same region but slightly lower. First taps often induce early buyers, to then take them out and start a potential relief bounce. Sellers are still in control, but the 63K region could deliver a nice hedge-long to cover short-exposure. A scalp-short towards the lower 63K region is possible, but please keep in mind CPI is today. If I'm entering trades before CPI, I want it to be early in London and close it before CPI + scalps only. Intraday positions I will look at after CPI is released today during NY-session.(Lennaert Snyder)