The two pieces of news last night were so disgusting! The US CPI data at 8:30 was lower than expected at 3.3%, and BTC actually pulled up to 70,000 points. Then the Fed’s interest rate decision postponed the interest rate cut until after November. As soon as the news came out, the BTC index began to fall📉. And it still couldn’t stop falling. Lao Deng only judged this wave of bad news from the Fed, so all the orders he made were short orders!
Now let’s look at the trend in the later period. At more than 2 o’clock in the morning, the BTC hourly line was two big negative lines, which fell directly to 67215. In fact, it is easy to see from the K-line this time that it is washing out the shorts. Only by washing out the players who followed the short position in the previous wave of downward trend, will it continue to fall📉. So Lao Deng’s point of view is to continue to be bearish! Open short in the trial and error area 67450-68000, and stop loss at 68500!
