🇺🇸CPI outlook, trend preview and operation strategy!

🌸After the early morning rebound, the big cake rebounded slightly throughout the day. At present, the overall structure is still in the ABC three-wave structure starting from 66500. It is currently in the rebound after the end of the third wave of the C wave. As shown in the figure, the 4-hour level above 62000-62200 forms a trend line suppression. If the big cake can quickly break through and stand above in the short term, then the C wave rebound is likely to end, and rebound to the high point of 65000-66000 before retreating. If the CPI data is contacted in the evening, the big cake cannot break through and stand above. Next, the downward trend will continue, and the support of 59000-60000 will be retested. Once it breaks, it will sequentially fall to the daily trend line support of 56500-57500 to complete the retracement structure of the ABC wave. At that time, it will be expected to rise after consolidation.

🌸Ether performs better than Bitcoin in the short term. Pay attention to the resistance of 2430-2450 during the day. If it can break through and stand above, the bulls will launch a continued rebound. If the 4-hour closing line cannot break through the resistance with a real positive line, it will link Bitcoin to a retracement wave structure. At that time, pay attention to the support of 2270-2320. If it breaks through, look at the support of 2100-2160. After this period of consolidation, the Ethereum exchange rate will bottom out and rebound, ushering in a new round of market.

🌸Spot operation strategy:

1: Today, only Bitcoin and Ethereum rebounded. The copycat did not move, so we did not let everyone do it. At present, the bottom position is well held and it is urgent to observe. If Bitcoin can stand above the resistance of 62000-62200 with the help of good news, we can consider adding positions on the right side.

2: If Bitcoin rebounds but cannot stand firm at 62000-62200, we urgently need to wait for the last retracement structure of wave C. First, look at the support near 59000-60000. If it breaks, look at the bottom near 56500-57500 to enter the market.

3: If you want to do Ethereum, either stand firm above 2450 to find an entry opportunity on the right side, or wait for the retracement wave structure to enter in batches on the left side.