July 14 night BTC/ETH Mi Shen strategy

Tonight’s CPI data came out, and the result was “more mild” than the market expected. June’s overall and core CPI both came in far below expectations, marking the biggest drop in recent years. After the data was released, the probability that the Fed would hold rates steady in July jumped to above 80%. The market’s prior rate-hike expectations clearly cooled. Spot gold surged straight up, once up more than 2.5%; the U.S. dollar index fell in the short term; and U.S. stock index futures edged higher. In simple terms, it’s a scenario where the rate-hike expectation is reduced, which is a bullish factor.

#美国核心CPI未达预期

BTC: Right now, 60800-61800 is confirmed as a good support box. As we approach that area, there will be room for bulls to enter. We mentioned earlier the “fake-break + dip” move at the resistance level. Subjectively, the idea is to hope for a deeper pullback. The Mi Shen direction here is correct—unfortunately, a bit too greedy internally, chasing for a more cost-effective entry. But the decisive factor is always in the hands of the market. Since the fake-break + rally has already sent a signal, then respect the chart and look for a bit more upside. If the three key upper zones are correctly reclaimed, this leg can be smoothed. The three ranges are 62888-64100-65400-66740. After the first range breaks through, it met resistance from the upper band. For the night session, pay attention to possible bull entries near the midline of the first range. Of course, the重点 is to watch the remarks from the upcoming “Woshing” appearance. Place the defensive position at 62888, which is the lower band. For the bullish high, use the latest swing high as your defense. Remember: “a reversal engulf (反包) is strength.” Don’t speculate on anything else—respect the chart signals. (See chart for specifics)

ETH: It has already made a new local high; 1855 was also smoothly broken. The next position is 1909. In terms of price action, after pulling back to the dense liquidity area of 1755-1790, it then ignited on the back of the positive news. Similarly, respect the chart. The “fake-break + reversal engulf (反包)” is undoubtedly a bullish trend. As long as the later Woshing doesn’t bring any reversing remarks, the trend could continue. Below the add-entry (补票) area are two positions: the first is the 1825-1855 range. The second position is the 1790-1825 range. Both of these areas can add bulls. If it goes lower, then a trend reversal needs to be considered. Use the near-term high point to defend; don’t test too frequently on the left-side attempts. (See chart for specifics)