$BTC BTC short-term market analysis
Last night, CPI fell despite the positive news, which was obviously to clean up the leverage. After the crash last night, it went up all the way, with both long and short positions killed. Currently, it is hovering around 58,000 for the third time in 1 hour. With the interest rate cut on the 18th, the US stock market should pull back, and the risk is still very high. To prevent the market from being hit by the positive effects, after the first two rate cuts, it is a good time to enter the market after waiting for half a month to build a bottom.
Current strategy 1: In the short term, if the volume breaks through 58400 again, it is undoubtedly a signal of strength from the perspective of right-side trading. If it can stand firm, ETH and altcoins may follow the rise and enter the market directly.
Current strategy 2: Before the volume reaches 58400, low-to-long is the main focus. Place orders at important previous lows and chip-dense areas. It is safe to place orders at positions of 5.5.
$btc 56399 54887 orders, stop loss 54235, target 58000
$ETH 2319.3 2291.9 orders, stop loss 2277.2, target 2377
$SOL 131.64 129.39 orders, stop loss 128.56 , target position 136
