After the release of the US CPI data last night, Bitcoin saw a short-term sharp rise, but failed to break through the previous high and is expected to continue to adjust. Yesterday, the capital inflow reached 100 million US dollars, most of which were quantitative trading and swing trading.

Before the expectation of interest rate cuts and the Ethereum Fund has not officially opened trading, the market is expected to be dominated by fluctuations. The Nasdaq index has hit a new high, but Bitcoin has been trading sideways at a high level. According to market experience, the longer the sideways period, the greater the momentum for subsequent increases.

Therefore, once the adjustment is over, Bitcoin is expected to usher in a sharp rise. At present, the short-selling force is relatively strong, and today's expectation is bearish. It is recommended to short in the range of 68700-69000, with a target of 67800-67300.

At present, market funds mainly flow into MEME coins and new coin projects on the Binance platform, among which the hot project IO has made good short-term profits. #美联储连续第七次维持基准利率不变 #美国5月CPI超预期回落 #第55期新币挖矿IO