Today we need to go out.. Let's make a simple update..

An ancient giant whale has dumped 20,000 BTC.. This time it is indeed being dumped through OTC.. So the price has also reacted...

Aside from this whale movement, the key game today is still the CPI. Let's see what kind of range we can define after the CPI. (Yesterday, the ETF only had a bit over 200 million, the inflow of funds has decreased, the 120,000 level might still require some psychological strategy, and it may consolidate for a while)

Just now, the spike at 116,000 tapped into the long liquidations accumulated since last Friday. But if you missed it, then just let it go..

Between 115,000 and 116,000, there is still some liquidity accumulated over the past week. If the CPI provides an opportunity tonight, we can set a position in advance.

(At the same time, this area overlaps with the lack of exchanges in the 114,000~105,500 range, a vacuum area.. After this, the price will definitely revisit this range, it's just a matter of time)

So from the current perspective.. If the 116,000 level holds today, and it consolidates in a small range, then the short-term bulls will continue to be strong.. This week, there is still a trend towards probing above 120,000..

If the 116,000 level doesn't hold today, and it goes down to fill the gap below.. Then in the future, we probably need to prepare for a return to a large range between 112,000-122,000, with an expectation of consolidating for 1-2 months...

So today's strategy is still to see if the CPI provides an opportunity to look for a low long around the 115,500 area... If it breaks 114,000 and can't recover, we should run away.