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Evening Silk Road
The CPI data in the evening must also 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 from the early morning peak. The market dropped from around 81,700 to about 80,700 in the morning, then rebounded to around 81,200 in the afternoon, and later fell back to around 80,700. The daily chart shows a shrinking volume with two consecutive bearish candles, the four-hour timeframe shows increasing bearish momentum with a series of declining candles, gradually forming a downward crossover, 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 81,500-82,500. If it breaks 82,000, continue holding.
The above is just personal advice; please follow Sister Lin's layout for specific guidance. $BTC
The attitude can be around 2,240-2,260, aiming for 2,290-2,330. If it breaks 2,330, continue holding.
The U.S. CPI data releases tonight, causing significant market volatility. Pay attention to risk control and defense; within the range, focus on gains and stay safe.