BTC is ranging pre-CPI as expected. Remember what I said yesterday about markets the day prior to a high-impact news event? Markets tend to range/chop, and build liquidity on both sides without clear direction. That's exactly what Bitcoin did, with liquidity above the 84.4K highs, and beneath the 80.4K lows. CPI will be released at 08:30 NY-time, and I'm not adding positions before. A couple scenario's that are interesting after CPI as drawn in the chart. I prefer a move to the 87K highs first, but if price tells me another story I won't hesitate to react. The 85K region is a valid short-POI, but only after clear triggers. If we hold the 81K low post-CPI, I'm looking for an internal long when markets stabilised. If we get a strong bearish reaction, I'm interested in looking for longs after the 80K low sweep. Sitting on hands for now, NY session will tell the story.