$BTC

BTC price analysis: CPI will be revealed tonight, brothers, get ready!

BTC is currently fluctuating in the one-hour upward rebound channel. The short-term trend has given bulls a little confidence, but don’t be too happy too early. Tonight’s big move is CPI data!

Support level: $97,300

This is the short-term bull’s defense line. Once it falls below, it may mean that the rebound is temporarily over and the market needs to adjust.

Resistance level: around $99,500

The upper suppression is obvious, and bulls need more momentum to overcome it. If it breaks through, it may test a higher position in the short term.

After the CPI data is released, market fluctuations are almost "inevitable events". Don't let yourself become a "leek" who chases highs and kills lows!

Brothers who haven't entered the market:

Stay put first, wait for the CPI to be released, and look for opportunities to enter the market based on the direction of market sentiment. Stay steady, don't rush!

Already in position:

Set a stop loss point! If you are bullish, stop loss can be placed below $97,300, and exit decisively if it falls below.

Short-term bulls must hold $97,300, otherwise the rebound will be gone.

CPI data is the highlight of tonight, and the volatility it brings may change the short-term trend.