Bitcoin Liquidation Update:

🔹We can clearly see a large amount of liquidity sitting at $121k.

🔹The CPI data is coming around 6:00 PM, which will bring significant volatility.

🔹The expected figure is 2.8%, which is bearish.

🔹However, if retail traders are expecting a dump due to higher inflation, market makers may push the price higher to hunt that liquidity.

🔹A good long from lower levels could be a solid option.

🔹Keep an eye on it.