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Tonight's CPI release, and Duokong immediately determines victory or defeat, with the core being two words: inflation.
Data below expectations allows the market to breathe; data exceeding expectations will delay rate cuts further, waiting to hit another wave.
I still say: at this position, don't get carried away and start buying the dip.
A truly strong market trend doesn't need news to sustain it. Yesterday's news pushed it up, today it was immediately pulled back, which shows the market itself is weak and lacks the confidence for a reversal.
Don't always think that after a big drop, a rebound is due; the market will never pity you. If you think it's cheap, it can drop even lower to be cheaper.
For BTC, tonight's rise or fall doesn't matter; what's important is whether it can hold the key resistance level.
Before it can hold, all rebounds are just traps, with no exceptions.
My approach hasn't changed: patiently wait for the right position, patiently wait for opportunities.
The market is never short of trends; what it lacks is discipline.
Don't wait until risks hit your face before you realize to control your $BTC position.