#BTC☀ Interpretation of the market: The lower track of the daily line is adjusted. Is it a breakthrough? Or a drop support? Get ready for the baptism of CPI tonight, hold on to the handrails and fasten your seat belts!
Adjustment of the lower track of the daily line:
52,600-58,600. Compared with yesterday, the lower track of the daily line moved down by 200 points overall.
Breakthrough or drop support?
In view of the CPI market tonight, we give a certain respect. We look at the resistance and support directly at the daily level and give up the fluctuation at the hourly level.
Breakthrough, the current short-term focus is the 58,600 daily line middle line. After the breakthrough, it will return to the upper track of the daily line.
Support, the short-term support of the daily line is MA7 55,700, and continue to explore the support of the daily line at 52,600 (I hope this position will not be used)
RSI: Index 45, relatively flat, neutral,
CME BTC futures and spot maintain a 100-point positive premium, and bulls are very cautious.
Summary:
Tonight's#CPIdata, as this week's data, we need to pay some attention and caution. After the data is released, the market volatility will not be too large. The subsequent opening of the US stock market and the interpretation of the US media will bring certain fluctuations to the market.
Last Friday's employment data illustrates this point, so if you want to take the risk of short-term trading, be prepared for the risk.
