Around 8.11, near the 64500 big pie, Qingcangyou—target 63500/62800
The big pie surged up to 65420 over the weekend, but this morning it pulled back to around 64000 and is trading in a tight range.
The rebound is on shrinking volume, and volatility has fallen to the lowest level of the year; the market is waiting for Wednesday’s CPI.
Two things are weighing on the market:
First, the Hormuz negotiations have hit a stalemate. Chuanzi claims, “I’ve already cleared the entire strait minefield, and the old Americans have 100% control,” while Langzi throws out five conditions to reopen—each side talking past the other.
Oil prices rose nearly 5% in a single day to 80.90 USD on the standoff, and Bitcoin simultaneously erased the weekend gains.
Second, CPI on Wednesday will set the direction. The market expects July CPI YoY to ease from 3.5% to 3.4%.
Below expectations = the rate-hike expectations keep fading, and the big pie could try another push higher;
Above expectations = Wash’s hawkish backbone is back.
Data will speak, but only those who have positioned themselves in advance can hear it.$BTC #BTC走势分析
The big pie surged up to 65420 over the weekend, but this morning it pulled back to around 64000 and is trading in a tight range.
The rebound is on shrinking volume, and volatility has fallen to the lowest level of the year; the market is waiting for Wednesday’s CPI.
Two things are weighing on the market:
First, the Hormuz negotiations have hit a stalemate. Chuanzi claims, “I’ve already cleared the entire strait minefield, and the old Americans have 100% control,” while Langzi throws out five conditions to reopen—each side talking past the other.
Oil prices rose nearly 5% in a single day to 80.90 USD on the standoff, and Bitcoin simultaneously erased the weekend gains.
Second, CPI on Wednesday will set the direction. The market expects July CPI YoY to ease from 3.5% to 3.4%.
Below expectations = the rate-hike expectations keep fading, and the big pie could try another push higher;
Above expectations = Wash’s hawkish backbone is back.
Data will speak, but only those who have positioned themselves in advance can hear it.$BTC #BTC走势分析