Market Analysis

After the CPI was released yesterday, the US dollar and US stocks plunged, and Bitcoin first rose and then plunged to the 57,000 line, which was basically in line with expectations.

Despite the increase in expectations for interest rate cuts, the market is still falling. It should be noted that the market logic has changed in the past two years. For example, the interest rate hike in the previous year did not have a negative impact on gold, silver and commodities, but instead caused a group of banks to explode.

Bitcoin (BTC)

Currently, the four-hour line has been consolidating around 57,000. Many people may think that it will continue to fall, but I don’t think so. #btc70k

Although I am the commander of the Air Force, the current position is just the trend line position of the rebound in the fall, so there is another wave of pull-ups here before it continues to fall. The upper resistance during the day is 57,400 and 58,000, and the lower support is 56,500 and 55,800. The idea is still to short at a high level.

Operation suggestions

Short order entry: 57300 short

Add position point: see 57800 add position

Stop loss point: 58400 Target position: 56500-55800

#美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？

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