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🤯[CPI just came out at 3.5%! BTC/ETH and gold all surged hard—are the shorts still stubborn?]🤯
Big positive news, brothers! It instantly energizes the whole room! US June CPI YoY came in at 3.5%, below the forecast of 3.8%! As soon as the data hit, $BTC
it shot straight from around 62,800 on a big bullish candle to 63,333,
$ETH
rising to 1,821—gold $XAU
hit even harder, directly to 4,102! This isn’t “data market” behavior at all; it’s basically handing out money to longs! 😱
BTC RSI straight up to 83.5—overbought territory, brothers! ETH is even more extreme: RSI 90.1! Gold RSI 95.24! The pull was definitely strong, but with RSI this high, brothers who chase the price should be careful.
Oil is still hovering above 80, and the geopolitical conflict hasn’t eased; inflation expectations won’t come down that easily.
A CPI miss to expectations is indeed bullish, but don’t forget the prior value was 4.2% and now it’s 3.5%, meaning inflation is moving down. Rate-cut (easing) expectations for the Fed are heating up—this is real, direct support for risk assets.
Longs, brothers: this breakout cleared the 62,800 resistance level. In the short term, the trend is indeed more bullish. But with RSI this high, if you chase in, be careful about getting trapped at the top.
You can consider a retest around 62,800–63,000 and then reassess once it stabilizes, or enter in batches—don’t go all-in at once. Shorts, brothers: don’t rush to short!
Wait for the RSI to cool off and for the candlestick to print a top divergence signal. Right now, shorting hard is basically catching a falling knife. Short-term traders, watch the 15-minute timeframe closely—this area is volatile. Take profit when you can; don’t get greedy.
Remember an old saying in crypto: even when good news lands, it doesn’t necessarily mean it immediately pumps—sometimes it’s first a shakeout, then a rally. The data is dead; the whales/market makers are alive. Don’t let one big bullish candle blow your mind! 👊
Chat in the comments: did you catch the profit on this one, or did you miss the move? 👇
#Gate6月透明度报告