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CPI and geopolitical conflict hit hard at the same time—whether this OB at 62k can hold is crucial. First watch for the bounce, then guard against a potential news dump.
We have CPI data being released just after NY session open.
I'm expecting price action to reverse to the upside after hitting the OB at $62k, then continue higher toward my AOI.
Following this, I'm looking for a dump once the news is released.
There are also additional geopolitical conflicts appearing across the media.
If this is true, it could have a huge impact on price action and result in a similar pattern to today's market downtrend.