At 16:00 on 6.12pm Beijing time, the current long-short conversion cycle of CNY is one hour. If the one-hour closing line breaks 67525, the market will reverse long orders in one hour, with a target of 68028.68446. If the one-hour closing line falls below 67183, it will be the third wave of decline in one hour, with a target of 66666.66000. The last defensive position of CNY short orders: If 67525 breaks through here, the short orders will have to leave the market. If it breaks through: 67183, it will fall. At present, there are many signs of reversal in the market. Whether it can fall again depends on the CPI in the evening.

There are 3 major news events from tonight to the early morning. Everyone should pay attention to the time nodes and market changes!

(1) At 8:30 p.m., CPI data will be released. If it is lower than expected, it is positive. If it is lower than expected, it is negative.

(2) At 2:00 a.m., the Federal Reserve will release the interest rate decision and economic outlook summary (FOMC meeting).

(3) Around 2:30 a.m., Federal Reserve Chairman Powell will give a speech.

The key is still to look at CPI, which determines whether BTC and altcoins will fall further. If it continues to fall, it is a good time to buy the bottom in batches and arrange spot. #BTC☀