$BTC Morning BTC analysis



A CPI positive catalyst made the market jump straight up, breaking the day’s consolidation range. As mentioned earlier, before headlines, any chart indicators are just noise.

BTC directly broke above last week’s previous high, and the headline-driven volatility will continue for a while. Right now it’s a tailwind, so you should be a bit more flexible with your trading.

Trading idea: short around 65,500–65,800, with targets at 63,500–63,000
BTC3.55%
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HodlBystander
· 7m ago
As soon as the CPI came out, it really didn’t follow the script—I’ve already placed my 65,500 short order. Hope it doesn’t get wicked through by a needle.
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Paper-SculptedOctopusNight
· 15m ago
The market is really exciting—last week the prior high was broken, but the volume didn’t keep up. From this level, the short (setup) really does need flexible stop-loss management.
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