Will tonight’s CPI directly flip the market trend? 🤩
Last night’s PPI came out, and the market first took a deep squat—most of the floating supply has been shaken out. $ETH
From the chart, BTC’s daily candles have already seen four consecutive bearish sessions. Price is now near the lower band of the Bollinger Bands, and the channel is getting tighter and tighter, indicating that the bigger direction will soon choose a side.
The key is support. Around 76,000 keeps getting pulled back repeatedly, and 75,000 is an even tougher nut to crack. If the shorts were truly strong, they would have already driven price through in a straight line—they wouldn’t be stalling and hesitating here.
As for the data that’s about to be released tonight, what should retail traders do?
My thinking is very clear: as long as the data doesn’t show any obvious “disaster,” this drop looks more like a shakeout, and the big move is still ahead.
BTC: buy in batches at 75,500–77,000; take profit on the bounce at 78,000–80,000 in batches.
ETH: go long at 2,350–2,420; take profit on the move at 2,520–2,600 in batches! #CPI数据来袭能否触发9月加息
Last night’s PPI came out, and the market first took a deep squat—most of the floating supply has been shaken out. $ETH
From the chart, BTC’s daily candles have already seen four consecutive bearish sessions. Price is now near the lower band of the Bollinger Bands, and the channel is getting tighter and tighter, indicating that the bigger direction will soon choose a side.
The key is support. Around 76,000 keeps getting pulled back repeatedly, and 75,000 is an even tougher nut to crack. If the shorts were truly strong, they would have already driven price through in a straight line—they wouldn’t be stalling and hesitating here.
As for the data that’s about to be released tonight, what should retail traders do?
My thinking is very clear: as long as the data doesn’t show any obvious “disaster,” this drop looks more like a shakeout, and the big move is still ahead.
BTC: buy in batches at 75,500–77,000; take profit on the bounce at 78,000–80,000 in batches.
ETH: go long at 2,350–2,420; take profit on the move at 2,520–2,600 in batches! #CPI数据来袭能否触发9月加息
