🚹 $BTC Lost $70K — Is $60K Next Before CPI? ☠

I see many people asking why btc dropped below $70K today, so here is the simple context.

Markets turned cautious ahead of today's CPI data, so traders reduced risk. Because of that we saw selling pressure across btc, $ETH and $XRP .

Right now btc is trading around 69.5K and the derivatives structure is quite clear.

— price still below nearby resistance

— futures slightly below spot

— dip buyers slowly entering

— sellers still defending the range

When this structure appears, the market often sweeps liquidity below support before any real bounce.

So this is the setup I'm watching.

Entry

— 69,550 – 69,750

TP1

— 69,200

TP2

— 68,600

TP3

— 68,000

Stop Loss

— 70,050

After TP1 you can manage the rest based on your own strategy.

But remember this is also CPI day. Volatility can be very high and one wrong move with high leverage can clean a wallet fast.

1ïžâƒŁHot CPI

— btc could drop toward 68K – 67.5K

2ïžâƒŁCool CPI

— short squeeze toward 70.8K – 71.3K

This is mainly a structure view, but I still shared the setup if it fits your plan.

Trade safe and manage risk. Follow for more precision market insights before the move happens. Keep thinking.

#TrumpTariffs #PowellRemarks #CPIæ•°æź .

BTC
BTCUSDT
69,794
+0.35%