September 12th Bitcoin morning layout mid-line thinking operation
#特朗普与哈里斯辩论，特朗普概念币普跌 #美国8月CPI数据高于预期 #比特币挖矿难度创历史新高 #美国经济软着陆？ #BTC走势分析
The CPI data released yesterday, Wednesday, showed that the US unadjusted CPI annual rate in August was 2.5%, lower than the expected 2.6% and the previous value of 2.90%, which was the fifth consecutive month of decline and the lowest level since February 2021. The unadjusted CPI monthly rate in August was 0.2%, the same as expected and the previous value.
The unadjusted core CPI annual rate in August was 3.2%, the same as expected and the previous value, after falling for four consecutive months. The core CPI monthly rate was 0.3%, higher than the expected and previous value of 0.20%. According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 85%, and the probability of cutting interest rates by 50 basis points is 15%. Before the release of CPI, the above probabilities were 71% and 29%, respectively.
Yesterday, Bitcoin fell all the way to around 55,500 due to the influence of CPI at night, and then began to fluctuate upward, reaching a high of around 58,000, and began to fall under pressure. The market conditions in recent days are similar, falling first at night, then rising, and then falling. Again, there is pressure around 58,000 in the short term. I remember that the first entry of the mid-line was around 58,000 last time. I suggest that everyone shrink the Li Hong trend public number with the same name to see the latest analysis. After the bottom reversal, a secondary confirmation signal appears (stepping back on the rising trend line). What needs to be challenged now is the previous high level resistance. This resistance is very critical. If it can be effectively broken, there is a high probability of reversing upward to the downward trend line of the large cycle. But if it encounters resistance and falls back in the short term, it will step back on the bottom rising trend line again.
Personal operation suggestions:
Bitcoin is short near 57700-58000, the first target is near 56000, and the second target is near 53000
Yita is short near 2360 to 2380, the first target is near 2200, and the second target is near 1900
The above article is written by Li Hong Trend. The article is only a personal opinion. The points of each platform are inconsistent. The above analysis content only represents the author's personal opinion and does not constitute a specific operation. The article has a lag. If you operate based on this, you will be responsible for your own profits and losses. Investment is risky and you need to be cautious when entering the market.
