"CPI has landed, has BTC bottomed out?"

BTC continues to test downward the support range mentioned in the video on December 11. The CPI announcement is in line with expectations and has not changed the current adjustment trend. However, it is basically a foregone conclusion that no interest rate hike will occur in December, and the market trend is still relatively healthy. Therefore, the interest rate meeting will be held early tomorrow morning. If Powell makes a strong hawkish statement, just continue to set a stop loss within the range and take a low position.

1) The CPI announcement was in line with expectations. The probability that the Federal Reserve will keep interest rates unchanged this week is 98.2%; BTC fell slightly and is still on a correction trend.

2) BTC 4H level has tested the support near 40,000 three times. The support is currently effective, and the downward volume can be attenuated.

3) If it falls below the upper edge of the wedge, this position is a key defensive position for bulls. Once it falls, the bull trend will end.

4) However, the current market data shows that it is still relatively healthy: you can try to continue to do long in the short term.