The bitcoin price fluctuated for a day in the morning trading, and it broke upward near the evening trading, and the price of the coin also successfully broke through 68,000
But judging from the current market situation, it is difficult to stand firm
The lowest price of the currency during the day was below 67,000, and the highest price in the afternoon rose to above 68,000, and there was a 1,000-point increase during the day.
In the morning, I gave a strategy of shorting the high-end market at 67500-68000. In the afternoon, a small upward wave was successfully reached. 67500 has eaten 500 points and the position is closed.
Some brothers asked if they could still take the short position at 67,800 on Yuzu. My suggestion is that they could.
The CPI data will be released at 8.30 pm, and the Federal Reserve’s interest rate decision will be made at 2 am.
Let’s talk about CPI first. The good news was announced on the 15th of last month. Both the expected value and the announced value were 3.4. The price of the currency did see a wave of increases when it was announced, and the increase continued subsequently.
Looking at today's CPI expected value is 3.4, and today's announcement should be between 3.5-3.7, which means it will be greater than the expected value. Then Bitcoin will usher in a wave of diving, but it is difficult to say whether this will continue in the future.
Youzi looked at the previous expected values and found that it is rare that the announced values are the same as the expected values. As long as there is an error between the announced values and the expected values, the possibility of a decline will be magnified.
Let's talk about the Fed's interest rate decision at 2 a.m. This is nothing more than a discussion of interest rate hikes and cuts in the future. However, there will basically be no interest rate hikes this year. The probability of maintaining the interest rate unchanged is at least 60%, the probability of a rate cut is 35%, and the probability of a rate hike is only 5%.
Make sure to place a stop loss order properly! ! ! !
So this year will be the Year of the Ox
The above is a personal analysis. You can decide whether to operate it or not.
