The big coin continues to trade in a wide-ranging sideways swing—can the CPI bulls make a comeback tonight?



Tonight’s CPI data, along with the major appearance by Wosh at the Fed’s semiannual monetary policy report, is set to arrive. At that time, it will break the choppy back-and-forth trading range between bulls and bears, and it’s completely normal for the coin price to move into a one-way trend.

On the daily timeframe, the coin price has been oscillating above the Bollinger Band middle rail. Support is around 61,500, and resistance is at 65,000.

On the 4-hour timeframe, the overall structure is a wide-range consolidation. The KDJ indicator has turned upward, starting to converge, suggesting there’s a need for a rebound.

On the 1-hour timeframe, all technical indicators show a bullish trend. MACD and KDJ are both forming bullish golden crosses and continuing to spread upward; any pullback in the short term is a low-buy opportunity.

Entry opportunity: Go long around 61,600, with targets at 63,200–64,500.
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