The strength of the technical trend still failed to suppress the impact of the news. Today’s price action rose first, then fell. The market climbed steadily from early morning, and in the afternoon Bitcoin surged to around 84,100, while Ethereum rose in tandem to around 2,530. The bullish momentum then failed to continue, and the price broke below the previously forecast support near 83,000. The direction became clear as soon as the bearish CPI data was released in the evening. First came a sell-off that tested around 82,300; after the U.S. stock market opened, the market’s downward momentum continued. Bitcoin dipped to around 81,500 to test support, while Ethereum tested support at 2,410.
Today’s strategy focused on stability, so we traded relatively conservatively. The Bitcoin long entered during the day at 83,100 was closed in the afternoon after securing 900 points of profit. The Ethereum position was also closed, banking over 30 points. We made few new entries during the evening’s sharp-wick, resistance-heavy phase. The main focus was on finding support, with the clear goal of preparing to enter long positions. We successfully entered a long near 81,700 in the live market. Those whose daytime long positions are currently underwater can continue to add to their positions at this stage to adjust their entry prices.
At present, bearish sentiment is quite pronounced. However, the downward momentum is clearly weakening. After Bitcoin bottomed near 81,500, it lacked the strength to continue lower. From a technical perspective, during the previous phase of resistance and sharp wicks, substantial market volume drove a rally from around the current price level. This shows that there is ample buying interest here, which has limited the short-term pullback and prevented it from extending. On the four-hour chart, a strong bearish candle drove prices down and briefly broke below the lower band. However, the break was not sustained, and the price was reclaimed by a bullish candle. Short-term bullish momentum is gradually recovering, with another upward move marked by a bullish candle now underway. Therefore, we remain committed to positioning for long trades.
Bitcoin: Long in the 81,800–81,500 range; target 84,000
Ethereum: Long in the 2,430–2,410 range; target 2,530
#9月CPI来袭原油美债走势如何 $BTC #以太坊跌破2500美元 $ETH
Today’s strategy focused on stability, so we traded relatively conservatively. The Bitcoin long entered during the day at 83,100 was closed in the afternoon after securing 900 points of profit. The Ethereum position was also closed, banking over 30 points. We made few new entries during the evening’s sharp-wick, resistance-heavy phase. The main focus was on finding support, with the clear goal of preparing to enter long positions. We successfully entered a long near 81,700 in the live market. Those whose daytime long positions are currently underwater can continue to add to their positions at this stage to adjust their entry prices.
At present, bearish sentiment is quite pronounced. However, the downward momentum is clearly weakening. After Bitcoin bottomed near 81,500, it lacked the strength to continue lower. From a technical perspective, during the previous phase of resistance and sharp wicks, substantial market volume drove a rally from around the current price level. This shows that there is ample buying interest here, which has limited the short-term pullback and prevented it from extending. On the four-hour chart, a strong bearish candle drove prices down and briefly broke below the lower band. However, the break was not sustained, and the price was reclaimed by a bullish candle. Short-term bullish momentum is gradually recovering, with another upward move marked by a bullish candle now underway. Therefore, we remain committed to positioning for long trades.
Bitcoin: Long in the 81,800–81,500 range; target 84,000
Ethereum: Long in the 2,430–2,410 range; target 2,530
#9月CPI来袭原油美债走势如何 $BTC #以太坊跌破2500美元 $ETH