After a round of decline, the current “plate” has entered a technical correction rebound, and it has gradually approached the upper resistance level. Chasing here carries a relatively low risk/reward disadvantage. If you haven’t done “entries” at low levels, it’s generally better to do them at higher levels. Still, under pressure from the resistance level, there remains the risk of a pullback and retracement. Four-hour timeframe: The Bollinger Bands have started to gradually tighten. The rebound is being suppressed by resistance from the middle band. The K-line has formed a long upper shadow. The resistance zone of 64,500-65,000 above remains persistently suppressing price. Hourly timeframe: Clear higher highs and higher lows are gradually shifting down. The first resistance level to watch is around 64,700. If it cannot effectively break through and convert this resistance, it also cannot sustain further upside. Over the weekend, trading volume is expected to be smaller. If the “buyers” cannot break through and hold above the key resistance level, range-bound consolidation is likely to continue, and a second drop remains likely. In terms of strategy, we still focus mainly on “selling/rebounting at highs.” Set stop-loss and stop-profit levels, and keep trading light/lightly sized position over the weekend. BTC: Enter around 64,500-64,700 for targets 63,600 → 62,500 ETH: Enter around 1,855 for targets 1,800 → 1,755 #PreIPOs第二期OpenAI认购 $BTC ‌$ETH ‌

Late at night, I grabbed a snack and took the time to scan the order book. $SPCX kicked off the downward move as scheduled. At the 136.42 level, you could already clearly tell that the buy-side couldn’t be pushed. The market maker gave up defending the price, and sell-pressure orders kept piling up. The moment it happened, I reminded everyone in the main camp to set up a short. With the current latest price at 124.08, the profit on this trade has already surged to 841.54%. For the participating partners, prioritize taking out most of the profit; the remaining positions will bet on the 120 break. Place the stop-loss at 128 to control downside risk. Don’t get too fixated on catching every wave of the market. If you missed this trade, just wait for the next signals—there are always market opportunities. $BTC $ETH

While macroeconomic data can trigger short-term price movements in financial markets, it's crucial to remember that no single data point is sufficient to determine the long-term trend direction. The June consumer price index data released by the US Bureau of Labor Statistics created a momentary wave of optimism in risky assets, indicating a softening of inflationary pressures. According to the data, consumer prices fell by 0.4% month-on-month in June, while annual inflation was 3.5%, and core inflation, excluding food and energy, was 2.6%. While this initially appears to be a strong upward catalyst for Bitcoin and other global risk assets, a closer look reveals a much more complex situation. The main driving force behind this significant monthly decline is the sharp 5.7% drop in energy prices. Without this temporary relief in energy costs, the stickiness in other key components of the index would have persisted. Therefore, claiming that the market has structurally reversed direction or that a permanent bull trend has begun based solely on a single month's data is not a rational approach. Analysts emphasize that macroeconomic data alone is insufficient for a sustainable market uptrend; these movements must also be supported by other critical financial indicators. For a real easing in global markets, it is crucial to closely examine whether the US dollar index is weakening, whether bond yields are falling and increasing risk appetite, and whether institutional demand in spot markets is supporting these increases with significant volume. At this point, the price structure of Bitcoin and whether it can maintain its position above critical technical levels are also of great importance. Bullish market participants argue that this unexpected cooling in inflation will lead to a softening of central bank monetary policy, which will provide a fresh influx of liquidity into the cryptocurrency market in the coming period. On the other hand, more cautious bearish analysts point out that the decline in energy prices could quickly reverse depending on geopolitical developments, and remind us that positions entered without technical confirmation are risky in an environment where spot volumes remain weak. If the sudden fluctuations created by macroeconomic data are not confirmed by sustained volumes and structural support reversals, the rallies experienced will be doomed to remain only a short-term relief reaction. Ultimately, while macroeconomic data can initiate market movement, the factors determining the lasting direction are always global liquidity conditions, market structure, and the confirmation mechanisms offered by the price. For investors trading on the Gate platform and following market dynamics, such data periods are times to maximize risk management. Monitoring the depth of the spot order book on Gate and tracking liquidity concentrations during the instantaneous volatility created by the data is a critical step to protect against misleading price movements. Investors need to analyze changes in the dollar index, movements in bond yields, and the actual spot buying appetite on Gate trading boards together, instead of focusing solely on headline inflation figures in the coming period. Until a lasting confirmation of market direction is obtained, maintaining balanced leverage ratios and waiting for structural level breaks stands out as the safest way to protect capital in this volatile macroeconomic climate. $BTC $ETH $SOL DYOR 🔎 #SummerCreationCamp #WarshSaysFedDecidesIfAIInflation #USPPIComesInBelowExpectations #USCoreCPIMissesExpectations