《False stop-loss--beware of market correction》
Bitcoin began to fall when Harris and Trump started the debate this morning, which means that the good news turned into bad news. Before this round of decline, Taco also reduced the large positions of almost all the currencies we ambushed
From the hourly line, there seems to be a sign of stopping the decline. The 4-hour trend is still downward. The support level of Bitcoin is around 55,900 and the pressure level is around 58,300
Ether fell below the middle track of the 4-hour Bollinger Band. With the temporary stop of Bitcoin, it also recovered above the middle track of the 4-hour Bollinger Band. The support level near 2320 is very weak. Once Bitcoin turns around, this support level The position is meaningless, and the pressure level is around 2390
Yesterday, the US stock Bitcoin ETF had a net inflow of US$117 million, and the Ethereum ETF had a net inflow of US$11.437 million. The double inflow added fuel to the rise in the past two days
Don't buy the bottom now, wait patiently for the CPI data to be released in the evening and then operate according to the situation. Whether the rise in the past two days is due to the early consumption of the positive CPI data will be known when the data is released in the evening. When the time to enter the market is ripe, Taco will post a message as soon as possible
