Good morning, brothers
Last night, the positive CPI data turned into negative news. BTC rose and then fell after the data was released, all the way down to the support level of 57k.
Last night, the European and American sides maintained the price at 57k without breaking it. After getting up this morning, the panic in the Asian market directly broke through the support level, and the support below the big cake was given to 55k.
It is worth mentioning that the German government, which has been exporting big cakes in the past few days, has not been idle. Yesterday, the minimum holding was nearly 5,000 BTC, and now it has gradually increased to about 9,000. There must be an expert behind it to play the band.
In fact, many people should be able to guess that after the positive CPI data, Bitcoin will rise first and then fall. An Ge originally thought that it would at least take advantage of the good news to return to 60,000. After failing to stabilize, it began to fall. I still overestimated it. Last night, Bitcoin was a few hundred dollars short of 60,000. It should not go up in the short term.
Next, it depends on the ETH spot approval. The market in the past few days can be predicted. Bitcoin is sideways and the cottage is turbulent. Brothers should play less contracts. Dog dealers are serious. If the contract is not played well, the principal will be lost. If the principal is lost too much, it will be exited early and miss the subsequent bull market.
Ang Ge will sort out the morning report here and send it later~
