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Oh wow, even good CPI data can’t save the Bitcoin???? $BTC dropped all the way from around 65400 to 63600. That seemingly strong rebound earlier has already been pushed back down by the shorts. The real trouble now isn’t how much the price has fallen—it’s that the 1-hour uptrend line has been broken. The just-ago pullback to around 64000 was pushed down again. Tonight’s US July CPI came in line with expectations. The market worried that inflation would come in hotter than expected—but that didn’t happen, and pressure for the Fed to keep hiking has eased a bit. But the Bitcoin still hasn’t launched a strong offensive on the back of the data, which suggests this “good news” was already partially priced in. The overhead trapped longs and near-term sell pressure remain heavy. Next, focus on 63800—64000. Watch whether price can regain volume and hold above this zone; only then will there be a chance for a short-term rebound to 64500. If it’s stronger, then look toward around 64800. As long as price keeps failing to reclaim 64000, it indicates this rally can only be treated as a breakdown retest. Downside still looks for whether there is capital support around 63500—63200. If 63200 is also smashed through, then this won’t be a normal pullback anymore—most likely the market will test the key support near 62300 again. Good news that doesn’t lift price is the most worth worrying about. The market has changed—don’t force the old long idea from the 65400 area into the current structure. #BTC走势分析 #美国7月CPI与PPI数据本周出炉 $ETH
$BTC Just had momentum, then got smashed down again??? From around 65,400 it fell all the way back to 63,600. That seemingly strong rebound earlier has already been pushed back by the bears. Now the real trouble isn’t how much the price has dropped, but that the 1-hour uptrend line has already been broken. The recent pullback to around 64,000 was pressed back down. Tonight’s U.S. July CPI came in line with expectations. The market had worried about upside inflation surprises, but none appeared. Pressure for the Fed to keep tightening has also eased. But the big pie didn’t use the data to make a strong comeback—this suggests the good news has already been partially priced in. Overhead trapped positions and short-term sell pressure remain heavy. Next, focus on 63,800—64,000. If it can regain volume and hold above this zone, there’s a chance for a short-term rebound toward 64,500. If it’s stronger, then look around 64,800. If the price keeps failing to get back above 64,000, it means this rally can only be treated as a broken-level pullback. Down below, watch whether there’s follow-through/support at 63,500—63,200. If 63,200 is also broken decisively, then this won’t be a normal retest—most likely the market will need to probe again around the key support near 62,300. Good news landing but the price can’t move up is the most worrying signal. The market structure has changed—don’t force current positioning with a long-only mindset from around 65,400 anymore. $ETH #BTC走势分析 #美国7月CPI与PPI数据本周出炉
$BTC The closer you get to the upper edge of the box, the more you shouldn’t rush to chase!!! These past two days, BTC has been consolidating at high levels. Many people see the price slowly inching up and can’t help but chase it. In reality, we’re already getting closer and closer to the previous resistance zone. 64800 is the most important defense level for today’s 4-hour period. As long as price hasn’t broken below it, the rebound structure on smaller timeframes is still intact. Above that, resistance around 65700 and 66900 is also where selling pressure is likely to show up. Now there’s a detail on the chart worth paying attention to: the pullback strength is gradually getting smaller. For most of the time, price can hold in the upper half of the box. This indicates that there’s still support/absorbing demand underneath. Meanwhile, the sell orders overhead are also being digested little by little. #比特币ETF周净流入8.53亿美元 For now, volume hasn’t increased noticeably, so this looks more like rotation and turnover at high levels—it doesn’t look like a genuine acceleration breakout. The closer you get to resistance, the more you need to check whether incremental funds are stepping in to carry it forward. A truly comfortable trading rhythm isn’t to chase in the middle of the range. Instead, wait for it to come near resistance to see if it can be realized/confirmed, or wait for the pullback to hit support and then see whether buyers step in. Only after the 4-hour period breaks below 64800 will the market shift from high-level consolidation into a deeper pullback. The area below 64100—63300 will become the focus zone of the next round. As long as the box hasn’t been broken, both chasing longs and chasing shorts are prone to getting swept back and forth. First, watch whether 64800 can hold. Then watch whether the resistance band from 65700—66900 can truly be absorbed. #BTC走势分析