BTC is grinding at the 76.2K previous weekly low pre-CPI. To be honest this range feels a bit dead, and it'll probably stay like that until after CPI. Bitcoin is now building liquidity at the 76.2K low, and this bounce doesn't look sustainable to me. OI shows that the last dump pulled in lots of shorts, and this little pump is fuelled by aggressive shorts closing. For longs, there are two scenario's I'm focussing on for today, both after CPI (08:30 ET). If we sweep the 76.2K PWL we induce more sellers and liquidate buyers, will look for long-triggers when this happens. The 2nd one, the one I prefer, is that CPI triggers a big flash wick sub 75.5K. When this happens, all buyers in this range are wiped out and sellers will enter aggressively. So that's the best case to catch higher timeframe longs with strength back to the upside. The 80K and 81K short-POI's remain valid, but I don't think we'll get there today.(Lennaert Snyder)