Before the big surge on September 3, BTC’s lowest point was down to 76155. Now, as of September 11, it’s fallen back from 81K to around this level, suggesting that this support is extremely critical.
My approach for tonight is simple:
First: If CPI meets expectations. First, look around 76K—there may even be a brief break below it to create panic for shorts. But if it holds above 75K, I’d actually expect a bounce, first back toward 76.8K. After the 16th’s 25 bps decision lands, then we’ll look toward 80K.
Second: If CPI is clearly higher than expected. Then don’t try to force it. Once 76K breaks, 75K could be smashed through as well. Next, we’d look around 72K.
So don’t get carried away tonight. 76K is the line between long and short, and 75K is the even more important defensive level.
If I had to choose, I think the first scenario is more likely. In terms of trading, I would still prioritize longs. If you’re not sure how to proceed next, you can check 👉策略指导
It also came to pass: the rebound began in August, and then entered the early stage of a bull market.
ETH-友晴
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Bullish
Set a flag
This drop in BTC will end around August, after the World Cup, and then we’ll enter a rebound phase. Yu-ge doesn’t think BTC will fall below $50,000. If in August or September BTC drops below $50,000, I’ll pick 10 commenters and give each of them $100 USDT. $BTC #比特币ETF终结八周资金流出