$BTC regarding technical analysis, the breakdown of the fibo support level of 23.6% (118,859) and the impacts in today's CPI forecast. RSI (58.5%)

If the forecast is accurate, the core CPI is slightly negative. If BTC breaks this level and closes a daily candle below 116,200, it may head towards the fibo 38.2% (114,330)

What needs to be monitored is: whether the support level of 116,200 closes below today on the daily candle. This will trigger automatic sell orders and force short-term liquidations on buy positions.

Resistance is around 112,450-120,500

Thus, short-term BTC:

111,943-114,330-(116,200-118,860)-120,460