Last night’s CPI data landed, and BTC saw a move that first went up then down, leaving both long and short sides getting liquidated.
With CPI coming in above expectations, the probability of the Fed hiking jumped straight to 90%. I originally thought the coin would drop, but instead it first pumped up to 79K to lure longs. After the chasing long funds entered, it quickly dumped back to 77,500.
Now with oil prices staying elevated, inflation pressure is still there. I’m not in a hurry to bottom-pick on the short term—let’s see a rebound only after it holds above 78K. If 77K can’t be defended, then this 79K pull-up is just a bull-trap fake breakout. What do you all think about this level—can we bottom here?
Want to turn the account around? Want to get your money back? Chatroom—gather up.
#CPI数据来袭能否触发9月加息
With CPI coming in above expectations, the probability of the Fed hiking jumped straight to 90%. I originally thought the coin would drop, but instead it first pumped up to 79K to lure longs. After the chasing long funds entered, it quickly dumped back to 77,500.
Now with oil prices staying elevated, inflation pressure is still there. I’m not in a hurry to bottom-pick on the short term—let’s see a rebound only after it holds above 78K. If 77K can’t be defended, then this 79K pull-up is just a bull-trap fake breakout. What do you all think about this level—can we bottom here?
Want to turn the account around? Want to get your money back? Chatroom—gather up.
#CPI数据来袭能否触发9月加息
