BTC NY session: CPI came in as expected. As a result we got a little pump, and then a rejection of the 64.5K PDH. The scalp I shared this morning played out, so if you were fast after CPI I suggest you take profits and go BE since it's a risky trade. We left equals at 64.5K and broke back below the 63.9K momentum line. For longs on Bitcoin I still need a deeper retest of the 63K region, still valid as a hedge after the reaction. I use the long to hedge short-exposure, if you're not in shorts, it's a risky long due to those equals at the PWL. Those 64.5K equals could definitely be a target if the hedge-long occurs. Open interest shows that every pump is fuelled by shorts closing, showing sellers are still dominant in this market. Not eager to take trades within current PA since we're trading in the middle, either the lows or the highs need to give triggers for me.(Lennaert Snyder)