Tonight’s Whatch hearing is the main focus, layered with the subsequent CPI inflation data:

If Watch’s remarks turn hawkish and inflation data beats expectations: rate-hike expectations heat up, risk assets come under pressure. The rebound is mainly “sell rallies” from higher levels. BTC is likely to dip to test the 618 support, while ETH retraces to 1748.
​If remarks turn dovish and inflation cools: U.S. Treasury yields fall, and prices are set for a rebound. You can lean on support to go long on dips, targeting the 642 resistance level above.

If CPI is above expectations (inflation stays elevated): rate-hike expectations strengthen, and rebounds will likely be “sell rallies.”
​If CPI meets expectations: the market chops in a tight range. Wait for tonight’s Watch hearing for guidance. The range is 61800-63500. High sell / low buy for short-term trading—keep it light.
​If CPI is below expectations (inflation cools):
Rate-hike expectations fade. Funds flow back into the crypto market, and you can go long on the pullback.

Jingyi’s personal view: the bearish structure for the larger time frame remains unchanged. Before the data lands, keep it light and favor selling rallies; when price rebounds into the resistance zone, prioritize taking shorts. After a pullback, only when key support holds and stabilizes should you reassess.

BTC resistance above is 633-642, support is 618, and the 60,000 level is a key point.
ETH resistance above is 1800-1848, support is 1748, and 1700.

Important things are worth saying three times: keep it light! keep it light! keep it light! #Gate6月透明度报告