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5.12🫓
From the 1-hour timeframe, the overall situation is still in a mid-term box consolidation.
Yesterday's surge to 82,460, touching the upper boundary at 82,500 encountered strong resistance and quickly pulled back. I, Dai Laotie, caught a wave of gains here, then the market maintained a sideways to slightly bearish trend, coming down to around 81,100.
What impact tonight's CPI will have on the market, I still lean towards bearish crypto, so I opened a small position at 81,200, but in case of sudden changes, prioritize stability.
🚨 Trading advice
Around 81,200 to 81,500, you can enter a small position to confirm the trend.
More conservative traders can consider entering above 82,000, with 82,500 as a strong resistance level. Do not add heavy positions. ❌ Brothers, I’ve said many times, many traders come to me for shorting recently.
Target levels are 80,300 / 79,600. Do not add heavy positions; keeping bullets is key to your success.
In the simplest words, explain the trend as clearly as possible.
Pay Yi, a trader who uses patterns to analyze trends.
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