BTC skids closer to major liquidity ahead of CPI showdown.
In the short term, eyes were on the Feb. 14 Consumer Price Index print to move risk assets en masse.
"Thoughts remain the same since the breakdown. I do not see any high conviction swing longs until 20.3K liquidity is taken out," popular trader Crypto Chase"Today will most likely be choppy and CPI should provide the next 'move' tomorrow. With that said, my focus today will be on intraday $ES trades.by fellow trading account Daan Crypto Trades meanwhile showed roughly equal expectations of the market going higher or lower after CPI.
U.S. stocks opened the week modestly higher, with the S&P 500 and Nasdaq Composite Index up 0.4% and 0.6%, respectively.The U.S. dollar index was undecided at the time of writing, having spent the week prior consolidating after a solid rebound. "A big day tomorrow with CPi data release 13:30 gmt. DXY price seen around top of parallel channel with a decisive break either way to determine the next big move for Btc Ethereum and other Altcoins," Matthew Dixon, founder and CEO of crypto rating platform Evai,
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