In December, the Federal Reserve is highly likely to cut interest rates by 25 basis points. If this meets market expectations, the impact on the market will be extremely limited. This is the essence of buying expectations and selling facts. The situation in Syria has limited short-term impact on the market, but in the long term, the powder keg in the Middle East has undoubtedly been ignited, laying down huge hidden dangers; future crises will only get bigger, not smaller.
Trend is paramount, and rhythm is king. Yesterday afternoon, the strategy was to buy on the dip near 97000, aiming for 99500. The CPI data released in the evening surged to around 98800, and dipping back to 98300 continued to buy. In the early morning, the market price was around 100400, aiming for 101400, and everything closed perfectly.
The operational suggestion for the day is to primarily buy on dips. Pay attention to the area below 99600, as this region is the upward area after the early morning dip recovery, which can be seen as a key short-term support for the price.
BTC operational suggestion: buy near 99800, add positions near 99000, target 103800, with a stop loss at 98500.