【3.1 billion CNY was wiped out last night, 93,991 people's assets were reduced to zero, one CPI and one non-agricultural routine! 】
2024.4.11 morning 8:54 BTC market analysis
Before the CPI data was released at 20:30 last night, Bitcoin continued to push more. After the data was released, the time for the interest rate cut was postponed. The main force exerted a little effort to lure the shorts. A large number of air forces directly looked down to 66,000/64,000 or even below 60,000. Who knows, it was just a pin, and it went back to 70,000+ when I woke up. The main force is so willful. Now Bitcoin's pricing power is not in retail investors but in Wall Street. Don't doubt Wall Street's ability to control the market. The rise and fall all depend on which side has the biggest profit and when Wall Street wants to take a vacation!
BTC attention
Support 67800/66000
Pressure 71800/73300-73500
The big cake is still the big cake, but many cottages hit a new low last night, completely wiping out the bulls. Then will the cottages start a wave of market or continue to consolidate with the big cake? The current market is very similar to the high volatility before the ETF landed. They are all staring at the BTC halving in 9 days. The attention is no less than the attention of the ETF landing at the beginning of the year. So how to attract these people who are waiting to get on board is what the main force has to do now, creating opportunities. Opportunities are rapid fluctuations, and the rhythm of ups and downs switches very quickly. This rhythm switching will let users see what if they do this or that? They will have the illusion of what they do, thinking that they have made the right judgment but just didn’t hold it, and they will unknowingly enter the mentality of holding orders, and then they may be taken away in one wave!
