Evening Silk Road



The CPI data in the evening also needs to be paid attention to. Although the fluctuations in previous 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 opportunity.
Let's take a look at the overall intraday market trend, which continues the decline after the early morning dip, with the price falling from around 81,700 to about 80,700, then rebounding to around 81,200 in the afternoon, and later falling back to about 80,700. The daily chart shows a shrinking head pattern with two consecutive downward candles, the four-hour timeframe indicates increasing bearish momentum with consecutive downward candles, gradually forming a break below, and 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 about 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 position can be around 22,40-22,60, aiming for about 22,90-23,30. If it breaks 23,30, continue to hold.

Tonight, the US 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.
BTC-1.48%
View Original
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