Big pie continues to trade in a wide-range consolidation. What should we do next?
Right now, the overall market is like a tightly drawn bowstring.
External factors: Two major things you need to pay attention to!
1. The likelihood of a rate hike on the 17th is extremely high. Judging from last night’s CPI and U.S. Treasury yields, it basically confirms the narrative about the 25 basis point hike probability. (But it’s very possible this is just “smoke,” and not hiking could become a positive.)
2. The Middle East originally was supposed to have a huge impact, but it eased up last night. So the bullish news outweighed the bearish data from last night. As a result, the external news looks negative and tangled. However, the trading chart of the “second pie” is extremely strong. Since the big pie is the benchmark with the largest volume, it looks steadier.
Therefore, with heavy negative sentiment in the broader market, yet prices continue to push higher on the chart, it basically indicates that the whale/market maker is still maintaining control, waiting for an opportunity to distribute holdings. And it hasn’t fully sold yet. So in the future, there must be a massive one-way downtrend. Be careful.
Before the 17th data release, the big pie will likely keep oscillating within a wide range of 75,800–79,800, while Ethereum will range between 2,460–2,600, to wash the market.
For daytime trading: For big pie, go long around 77,200–76,800, targeting the 78,500 area. Then short around 78,500–78,800, targeting near 77,500. Overall, focus on high-sell and low-buy tactics around 75,800–79,800.
#BTC #费城半导体指数跌5.9% #比特币守稳77000美元上方 #SEC主席敦促国会推进CLARITY法案
Right now, the overall market is like a tightly drawn bowstring.
External factors: Two major things you need to pay attention to!
1. The likelihood of a rate hike on the 17th is extremely high. Judging from last night’s CPI and U.S. Treasury yields, it basically confirms the narrative about the 25 basis point hike probability. (But it’s very possible this is just “smoke,” and not hiking could become a positive.)
2. The Middle East originally was supposed to have a huge impact, but it eased up last night. So the bullish news outweighed the bearish data from last night. As a result, the external news looks negative and tangled. However, the trading chart of the “second pie” is extremely strong. Since the big pie is the benchmark with the largest volume, it looks steadier.
Therefore, with heavy negative sentiment in the broader market, yet prices continue to push higher on the chart, it basically indicates that the whale/market maker is still maintaining control, waiting for an opportunity to distribute holdings. And it hasn’t fully sold yet. So in the future, there must be a massive one-way downtrend. Be careful.
Before the 17th data release, the big pie will likely keep oscillating within a wide range of 75,800–79,800, while Ethereum will range between 2,460–2,600, to wash the market.
For daytime trading: For big pie, go long around 77,200–76,800, targeting the 78,500 area. Then short around 78,500–78,800, targeting near 77,500. Overall, focus on high-sell and low-buy tactics around 75,800–79,800.
#BTC #费城半导体指数跌5.9% #比特币守稳77000美元上方 #SEC主席敦促国会推进CLARITY法案
