7.15 Morning View

Yesterday’s evening CPI data came in across the board below expectations. The positive surprise boosted the market, driving a strong rally. At present, it’s not hard to see that after continuously pushing higher, the bullish momentum keeps weakening.
On the one-hour timeframe, the upward momentum and pace are clearly slowing down. Price is hovering near and facing resistance around the previous high area. The 15-minute chart maintains a high-level range-bound consolidation; multiple attempts to break above have failed to surpass the high. In the short term, sell-side pressure overhead is relatively heavy. Today’s plan: short on rallies, up to the high!

Trading plan
When rebounding to the 651-656 range, open a light short position, keeping room to add if needed. The first target is 635. If 635 breaks down, continue to probe lower toward the 626 area $BTC #美国核心CPI未达预期