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$BTC Bearish momentum into CPI.
Today, CPI data will be released again. This is always an important economic event that both institutional and retail traders regularly bet on.
Historically, when price either dumped or pumped into a CPI release, sharp reversals often followed, especially when priced in expectations turned out to be wrong.
This time, we saw a sell-off during both Asia and London sessions ahead of the release, indicating that a news driven reversal could potentially occur today.