【The US CPI annual rate and the Fed's interest rate decision are both coming. BTC will fall first. Are risky assets fleeing?】
2024.6.12 9:03 AM BTC market analysis
BTC took six days to drop by $6,144, and the altcoins generally plummeted by 40%+. This drop has scared the new leeks. Why? Because the new leeks have no fund management plan, they start with a heavy position and a full-time operation. This will inevitably lead to insufficient chips to cope with market changes when the market changes drastically (such as buying low and selling high to keep the position flexible, and can reduce the average price to do T and other trading methods to cope with the market). When you are heavily invested and full-time, it is like going to the battlefield. You are nervous and panicked and the bullets are whizzed out. When you are in front of the enemy, there are no bullets available, and you can only let the enemy ravage you!
BTC attention
Support 65800-66000/63000/59000
Pressure 68500/69000
Because there are CPI tonight and the Fed's interest rate decision at dawn on the 13th, it will definitely be a sleepless night, so if you want to sleep, don't do it. If you don't want to sleep, then wait for the large-scale plug-in scene to come, and quickly enter and exit, and the "plug-in tactics" that can end the battle in 10 to 20 minutes
Spot will wait for tomorrow to see the market situation. This high volatility tonight and in the early morning has nothing to do with spot!
