It would have been ideal if Wed. had established a definitive low on BTC and followed through, providing positive momentum and demand ahead of CPI. However, outside of a brief period this morning (3-5am ET), there's little indication of strong support if inflation disappoints.
With PPI looming less than a day away and CPI just a couple of days out, the market feels like a gamble, especially with no edge on the CPI print. I've positioned holdings with a profit cushion and have taken partial profits on most, so my equity risk is minimal.