😱CPI has just been released, and the market is putting on the classic “drop first, rise afterward” show!

The U.S. July CPI came in at 3.4% year over year, exactly in line with expectations! As soon as the data was released, BTC quickly fell from $64,452 to around $64k, then immediately rebounded and is now trading at $64,146. Gold plunged by around $30 in the short term before rebounding by more than $20. Both long and short positions were liquidated—did you get shaken out?

Let’s look at several key points on the chart 👇

$BTC ‌
On the daily chart, the BOLL bands are narrowing further, with UP at 64174, MB at 63764, and DN at 63355. RSI(6) is 57.8, in a neutral-to-strong zone, with some room left but not much. The MACD golden cross has just formed, indicating bullish short-term momentum.

In terms of strategy: If you’re holding, stay steady and wait for a clear direction. If you haven’t entered, wait for a pullback to around 63500–63700 before considering an entry—don’t chase the rally. Futures traders should watch out for wick risks following the CPI release.

$XAU ‌
BOLL UP is 4433, MB is 4397, and DN is 4361. The price is above the middle band, while RSI(6) at 74.42 is nearing overbought territory. Bullish MACD momentum remains intact. Gold has broken above $4,400 to reach a two-month high, but the elevated RSI suggests a possible pullback. In terms of strategy: If you have long positions, you can move your stop-loss below 4380 to protect your profits. If you want to go long, wait for a pullback to around 4400 before reassessing—don’t FOMO into the rally.

$MU ‌ BOLL UP is 904, MB is 878, and DN is 852. The price is hugging the upper band, while RSI(6) at 81.35 is severely overbought! The risk-reward ratio for chasing at this level is very unfavorable. In terms of strategy: If you have positions, consider taking profits in batches, then wait for a pullback to around the Bollinger middle band at 878 to see whether an opportunity emerges.

After the CPI release, the market moved higher, but the momentum was not particularly strong—just a routine reaction to data that came in as expected. Until BTC breaks above 65000 on increased volume, continue treating it as range-bound. Gold and MU both show signs of short-term overbought conditions, so be cautious about chasing the rally.

What do you think of this market move? Is it a bull trap or a genuine breakout? Share your position in the comments 👊
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