$BTC Bitcoin is chopping high around 65,000—bullish or bearish?



I think at this level it’s worth continuing to bet on the short side. After the CPI, the near-term upside can be said to be already played out.

In the Middle East, the situation has suddenly changed recently, and although it hasn’t caused a real impact on the chart, oil prices have already rebounded to a high level. Also, at the moment the US and Iran don’t seem to be planning to stop. So the inflation data that will be released next month definitely won’t look good.

If inflation keeps ticking up again, the September rate hike will also be pushed higher. So don’t get confused by short-term spikes—pullbacks are just a matter of time. #BTC反弹触及65000美元
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APYThermometer
· 16m ago
Shorting is fine, but don’t go all-in—keep some ammo in case of a fake breakout. Once this range starts to chop, it can grind people down.
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PerpMoodSwing
· 1h ago
A short-term spike can easily lure people for quick hookups, but how much has the September rate-hike expectation already been priced in at this point? We need to figure it out.
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AirdropCheck-InOfficer
· 2h ago
The U.S. and Iran keep escalating, and oil prices are staying high—this is a story I know, but the market is sometimes dull; it only reacts once the data is actually out.
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