Hello everyone, I am Mihu. Today I will bring you today's analysis from two aspects.

1. From a structural point of view: the big cake has tested the support level of 62,000 $BTC 5 times, and finally broke through. Regarding the support level, the more times it is supported, the stronger the support level is. If it is not broken, it will reach a new height, otherwise there will be a big drop. The same is true for the resistance level.

The big cake fell from 66,000 to 60,000, nearly 6,000 points, and then from 64,000 to 60,300, 3,300 points. From a structural point of view (66,000-60,000, 60,000-64440, 64440-60330), there have been two four-hour level declines, and it is not yet completely completed. It is entirely possible to test 58,000. There will be an hourly increase to the support level of 59800 below. At present, the rebound range is likely to rise to around 63500, and will go down.

Although there is a possibility of going down, I don’t plan to go short again, but go long on dips. Because it has fallen a lot from 66000, the possibility of a deep drop is not very large.

2. Tonight’s CPI index will be a big news. From the current market point of view, if inflation rises again, the market is worried that the Fed may suspend interest rate cuts in November. The only factor that can reduce interest rates is the relatively mild CPI. At present, the market is only betting on a 25 basis point interest rate cut or a suspension of interest rate cuts, and no more 50 basis points. Then tonight’s CPI should set off a big fluctuation.

Operation:

1. Place a long order at 59800, no position at 59300, and stop loss below 58850. Set a moving breakeven loss after making a profit, and it doesn’t matter if you lose. Stop profit first sees around 63500, and set a breakeven loss after half of the stop profit.

2. For medium and long-term orders, start buying at 57,800, with low leverage and 5% of the position, and add to the position at 57,000, add to the position at 7%, and do not set a stop loss, and keep seeing new highs. This depends on whether it can fall below the support level of 59,800. Below 57,800, it will not fall even if it falls further. Hold it tightly.

3. For the long orders currently in hand, if the position is not heavy, you can hold it for a while and observe the support level of 59,800.

4. $ETH $SOL , if Dabing starts buying at 57,800, other orders and other cottages can be entered simultaneously, and it is best to enter some leading cottages.

Pay attention to Mihu and check the market analysis in time.