After the CPI data was released last night, Bitcoin surged to around 61,000, then quickly fell back, with the lowest price being around 58,300. It dropped again in the morning and is currently fluctuating around 58,400!
The current price of the currency is moving back and forth between the upper and lower tracks of the 4-hour Bollinger Band, showing that the market lacks a clear breakthrough direction in the short term.
Operation suggestions:
First look at the retracement, and intervene in the multi-order around 57,800, with the target first looking at 59,500, and take good defense!
