$BTC Market update-

Bitcoin continues to face resistance above $110k. Yesterday we saw a retest of the $108.3k area, and as mentioned I was expecting some form of retest in that area and the reaction has been strong so far. Quite a tight 4hr range here with each 4hr candle closing between $109k and $110.1k. We have the release of the US CPI data in a couple of hours so this is likely to bring higher volatility and a break of this range.