The previous CPI value was 3.7, predicted 3.3%, and announced 3.2%. Why didn’t the good news rise in response?
In fact, what everyone is looking forward to now is the narrative of ETFs rather than CPI. The CPI value is actually still quite far away from the Fed’s control of 2%, but it has gone from the highest level of 8%+ to the current 3%+. In fact, it has already is under control, and with the drop in oil prices, the drop in cpi was within everyone's expectations.
Looking at BTC from the chart, the position of 36200 is also in line with today’s video point of view. For details, you can click the icon and scroll down to find today’s video content to watch.
This was also the lowest point where the waterfall occurred on the night of the year's new high. So the support level here is very obvious.
The trend is very likely to form a wide shock here, 362-378. Before falling below 362 on heavy volume, you can consider selling high and buying low here. The first resistance above, 37000, is worth paying attention to.
