As noted yesterday, if we drop below $41.3k I was looking at supports around mid $39.5k. We did log a bounce there and with the trading day coming to a close I hope we'll see less volatility going into tomorrow.. more downside can't be ruled out but like I said - $40k range has a lot of support too.
But honestly the next step largely depends on the government reporting of the Consumer Price Index ( CPI ). Reminder that this comes out at 1230pm UTC tomorrow (Tuesday).
US traders will be at a disadvantage due to the timing - if you are in a trade now, make sure to set a stoploss.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.