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Evening Silk Road
The CPI data in the evening also needs to be paid attention to. Although the fluctuations in the previous few times were not very large, those who can step back should do so to observe and wait for a good entry point. Sometimes waiting is the best way to make a profit.
Let's take a look at the overall intraday market trend, which continues the decline after the early morning drop, with the price falling from around 81,700 to about 80,700 in the morning. It then rebounded to around 81,200 in the afternoon, followed by a decline back to about 80,700. The daily chart shows a shrinking head pattern with two consecutive downward candles, and the four-hour timeframe indicates increasing bearish momentum with consecutive down candles, gradually forming a downward crossover. The hourly timeframe shows increasing bearish momentum gradually approaching the lower band.
Evening Trading
Bitcoin can be traded around 79,500-80,000, aiming for 81,500-82,500. If it breaks 82,000, you can continue to hold.
The above is just personal advice; please follow Sister Lin's strategic layout for specifics. $BTC
The attitude can be around 22,40-22,60, aiming for 22,90-23,30. If it breaks 23,30, continue to hold.
Tonight, U.S. CPI data will be released, causing significant market volatility. Pay attention to risk control and defense; within the range, focus on gaining strength and securing profits.