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Brothers, you’re destined not to sleep tonight! 🛏️
BTC $BTC
62,550, BTC $ETH
1,782. BOLL upper and lower bands have tightened—an inflection-point signal has already been triggered. At 8:30 tonight, CPI data will be released. The market expects year-over-year to fall from 4.2% to 3.8%, but geopolitical conflicts have pushed oil prices $BZ above 80+. Inflation could rebound at any moment!
👀 What’s even more deadly is this— the probability of a Fed rate hike in July has already jumped to 46.5%. By year-end, the probability of two rate hikes has surged from 34% straight to 56%. Waller’s comments last week were extremely hawkish. If this data comes in above expectations, BTC’s 61,800 support may not necessarily hold; if it comes in below expectations, the wall around 63,500-64,000 also won’t be easy to break through.
📊 What to do in the short term? Before the data comes out, it will most likely continue to trade rangebound.
Long BTC: keep your eyes on the 61,800 “lifeline.” If it breaks, reduce positions as you should; for shorts, wait and reassess around 63,500-64,000.
For BTC, strong support is around 1,750, while 1,800-1,820 is the resistance zone. Until direction becomes clear, managing position size is more important than anything else.
Don’t act recklessly before the data—wait for a bit while the bullets fly. Whether tonight’s move can get you a real meal depends on how you handle the entries🧐
What do you think? Drop your strategy in the comments 👇