BTC evening view:
The release of CPI data at 9:30 tonight is the key to the situation and an important node to determine the outcome. Investors must set a stop loss and must not take it lightly.
If the data meets expectations, the market may rebound; if it exceeds expectations, the situation is unpredictable.
From the chart: At the 1-hour level, will the big cake form a W bottom or an M top? If it goes to the W bottom, the situation is still optimistic;
But if it is an M top, it will be troublesome.
I hope that the big cake will go to the W bottom trend, and the increase can exceed the 1st wave high indicated by the red arrow, even if it is just a little bit.
If it meets expectations, but the increase fails to break through the resistance level of 88735, there will be a situation where the good news does not rise, which will turn into bad news.
In short, tonight's CPI data is crucial.
For conservative investors, wait patiently for the CPI to be released and the US stock market to open before placing an order. Guanzhu Public Account: Yunzi Commune, Mianfei Jiaqun
And aggressive investors don't need to care too much about these. Once the key position given in the chart is broken, you can take action. When the breakthrough is made, you can act boldly.
If the conditions are met, you can act. If not, wait and see. At the same time, you must set a stop loss.
