BTC DAILY: Inflation rates, CPI and FOMC today

12 JunBitcoin cleared nearest liquidity pool under ~66155 and closed above that level which might be a swing failure - bullish pattern. But too early to confirm that.

Target for that bounce is May VAH zone + year VWAP VAH around 69.2k (for the wicks). These are conservative targets that assume rejection and pull back to 67600 at least with further consolidation.

Today CPI and Inflation rates at 12.30 UTC and FOMC at 18 UTC time. That always cause extra volatility. As I wrote before, there was no correlation with global markets in this crypto dump. Stocks actually performed pretty well yesterday. And Dollar Index so far follows the drawn path I've shared two days ago. So I don't see any sufficient bearish pressure on BTC outside of crypto world.

Bullish scenario comes into play if BTC find acceptance above year VWAP VAH.

Nearest liquidity pools:
above - 68256 / 68840 / 70400 / 72240
below - 66905 / 65760 / 64233 / 59960

Lines on the chart:
🔸73881 - ATH
🔸71363 - March close
🔸70393 - last W VAH
🔸69667 - week close
🔸68540 - last week close
🔸67577 - May close
🔸66239 - week close
🔸64025 - last April week close

Trend: D ▶️ W 🔼 M 🔼

🤑 F&G: 72 < 74 < 72 < 75 < 72

13 Jun

Trading ditutup: target tercapai

Both targets reached within one day.

Condition for bullish scenario not achieved, so at this stage it is bearish.