BTC CPI 14/03/23 continued...
As the data came in, CPI at 6.0% YoY as estimated means that we get a priced in result.
As I previously stated this result is priced in and is ultimately neutral. The orange path followed nearly perfectly, I did predict more of a bearish swing after breaking the previous swing high at 25.5k.
We're back within range currently, maybe we get some late longers that drives up price once more but I could see BTC cooling off for a bit. Any further loses would look quite bad on the daily timeframe.
As I previously stated this result is priced in and is ultimately neutral. The orange path followed nearly perfectly, I did predict more of a bearish swing after breaking the previous swing high at 25.5k.
We're back within range currently, maybe we get some late longers that drives up price once more but I could see BTC cooling off for a bit. Any further loses would look quite bad on the daily timeframe.
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