Wednesday noon — Jing Yi’s thoughts: Focus on tonight’s CPI



Last night, our short from 625 down to the 60k threshold was truly satisfying. We flipped and added shorts right at the 60k level, took profit at 619—also a precise catch. Will tonight continue the bearish move? Jing Yi breaks it down for you.

First of all, before the CPI data lands, the market drops ahead of time, and hawkish rate-hike expectations heat up again. From a technical structure perspective, both the daily and 4-hour moving averages are all in a bearish alignment; the major downtrend remains unchanged.

The support below at 600-607 has extremely strong holding power. At this stage, the market is using time to gain space. Tonight’s CPI is the only key to breaking the deadlock! If the data is higher than expectations: bearish downside, quickly probing the 600 key support level. If the data is lower than expectations: short-term bullish, with a rebound pushing up toward the pressure above 646.

**Trading suggestions**
Big BTC: short in the 619-625 range, targets 610-600-588
If price touches the lower support and it holds (does not break), immediately flip to go long on the short term

Second BTC (alt): short in the 1635-1655 range, target 1610-1580
Once the low-level support stabilizes, flip to go long in sync, and follow the BTC rhythm
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