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Wednesday, Rebuilding the Glory of the Bull Market, I Cannot Remain Indifferent
Yesterday, the CPI data was released exceeding expectations, combined with a low opening of the US stock market, causing Bitcoin to once again fall below the 80,000 level. Our long positions went from being trapped to turning around against the wind. The trend has not changed, and the sideways structure has not been broken. Today, we continue to go long and look for bullish opportunities.
Watch for resistance at 82,000 above, support at 79,800 below. If this range is not broken, it remains valid; if broken, follow the trend to re-enter. There may not be as many one-sided moves as we imagine. Recent market movements are mostly oscillating, so do not blindly chase highs or sell lows.
Today, the focus is still on long positions. Bitcoin should be bought in the 80,800-81,100 range, targeting 82,800. If not broken, then go short. Ethereum moves in sync, go long above 2,285, targeting 2,385. The levels are somewhat aggressive, so trade with light positions and reserve some capacity for #美国4月CPI上涨3.8% .