It's almost time for the CPI data release, as mentioned last night. The Northbound trading can be taken profit on. There is resistance above, wait for a pullback within the day to look for a buying opportunity. Currently, it just reaches around 80,500 mentioned in the evening, but considering there is still an hour before the news comes out. No rush to buy now, wait and see the trend, maybe there will be a better position. Today's trend is relatively weak, and currently the bulls are not showing strong volume.



From a technical perspective, Bitcoin has broken through the four small moving averages. For now, the pullback has not finished. There will be some volume increase when the news hits, and the market will heat up. Bitcoin has been at a high level all along, while the altcoin is still in a state of stagnation. Later, consider a pattern for altcoins to see if there is a possibility of a rebound.

Bitcoin trading suggestion: Look for a rise near 80,500

Target: 83,000, break below 85,000
BTC-1.8%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin