Trump's visit to China has exhausted its positive effects, following the usual pattern of rising first and then falling?



Yesterday, the yellow-haired person's vehicle flew 7 planes to China, truly impressive, scheduled for a two-day negotiation from the 13th to the 15th. If following previous precedents, when the yellow-haired person visited China in 2017, US stocks and cryptocurrencies surged significantly beforehand, and after the visit, a large bearish candle wiped out all gains. Although this time may not be entirely the same, it’s better to be cautious. Today, pay attention to the CPI data release at 20:30!

BTC
Currently, the market is in a high-level consolidation phase, with highs decreasing sequentially and lows increasing sequentially. On the hourly level, there is a divergence between volume and price forming a symmetrical triangle pattern. Watch the 8030 level at the bottom of the triangle; a complete break below this level will trigger a four-hour correction. Conversely, if volume breaks through 8170, then the price may wait around 8280.

Around the 8160-8200 range, with a defense at 8290, and a target of 8030. If broken, look for 7910-7800.

ETH
Around the 2332-2348 range, with a defense at 2385, and a target of 2292-2260. If broken, look for a decline to 2212.
BTC-0,37%
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