The Fed data market currently expects the probability of a rate hike before year-end to be above 80%, and the probability of a rate hike in September to be above 70%. Bitcoin–Ethereum has dumped, and gold has fallen below the 4,000 level. Can we still buy the dip in the short term?

If the inflation data released tonight continues to rise, the Fed rate-cut expectations will cool further, and market sentiment about rate hikes will heat up even more. This is clearly bearish for gold. For Bitcoin, the support at the daily chart’s low depends on whether it can hold. If, before the market opens, it cannot produce a decent rebound, structurally on the smaller timeframes it will still likely range-trade around the 62,000 area. Ethereum also won’t have much capacity for a rebound.

To briefly summarize the market’s script and rhythm: data is bearish—stocks remain weak and continue probing lower, further breaking through the market’s psychological defense line and intensifying panic on the screen. Data is bullish—inflation falls—Bitcoin may reverse, but there will not be a large one-way signal. The low-level repair phase is officially underway. In the coming period, no matter whether good news is released or bearish factors continue, it will still be inseparable from a trend-based transition.

From the daily timeframe, we maintain a bearish structure. The large-scale trend hasn’t changed. Around before and after the U.S. stock close, a rebound and repair occurs. Bitcoin’s hourly timeframe rebound is only a normal repair. The key 4-hour resistance still hasn’t managed to break and hold. The moving-average system continues to stay in a bearish arrangement. The MACD green histogram keeps expanding, and the bearish momentum hasn’t fully been released. In the short term, the rebound is more of a technical repair within the downtrend.

Intraday: Bitcoin (BTC) is short around the 62,000 area. Add to shorts near 63,200 on the rebound. Defense at 63,500. For the pullback target, look at 61,000–60,300. If it breaks below 60k, watch daily low support at 59,000.

Short Ethereum (ETH) around the 1,670 area (aggressive traders can place shorts at the current price). On the rebound, add to shorts in batches around 1,730. Targets are 1,600–1,570.

To make a long story short, wishing everyone all the best…#BTC下探60000美元关键关口 $BTC