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Isn’t this “scythe” already swinging during the US stock pre-market?
After last night’s CPI came in above expectations, today at 8:30, the PPI also hits a new three-year high. With inflation surging out of control, it’s hard to contain— and as Bitcoin is an investment asset with extremely high market sensitivity, how many people are still chasing the rally in such a majorly bearish environment? A bit irrational!
In the afternoon, the strategy is clear: keep an eye on the short setup at 8130 in the high area. After the PPI data, a “small waterfall” drop arrives right on schedule. There is room for a pullback of 1500 points on the lower timeframe; meanwhile, Ethereum moves in sync by 50 points. Get your overall strategy in place— and make sure to move your protection!
$BTC #Gate广场五月交易分享