🔥 Morning market update! $205 million was liquidated overnight, wiping out the positions of more than 60,000 traders!
The market traded in a narrow range last night, and liquidations were way down compared with before: 110,000 fewer traders were liquidated, and the total amount fell by more than $500 million. The main reason is a severe lack of market liquidity. With rate-hike expectations weighing on the market, a recovery in liquidity still seems a long way off. Before the bull market arrives, these days may be even tougher than 2022.
Tonight’s CPI data is the main event! Market expectations lean bearish, and the risk of inflation picking back up is significant.
If the data meets expectations, the odds of a Fed rate hike at the end of the month will rise.
The market’s only hope right now is whether crude oil prices can be brought down. If oil prices can’t be contained, the pressure ahead will only grow.
📍Key levels to watch:
$BTC : Support 81000, 78425｜Resistance 87550, 85150
You can trim the long position opened at 81150 on Monday and move your stop to breakeven.
$ETH : Support 2403, 2345｜Resistance 2850, 2695
Trim the position entered at 2415 on Monday and move your protective stop-loss higher.
$XAU Gold: CPI expectations are bearish, and the chart is showing a long squeeze while probing for a bottom. If the data comes in below expectations, a rebound may follow; if it significantly exceeds expectations, gold prices will remain under pressure.
SNDK: The 1-hour chart has seen a slight rebound. Whether it can form a bottom this week depends on whether the lows during the upcoming consolidation hold.
💡Prioritize managing your position size—surviving the market is what matters most!
CPI comes out tonight. Do you think the bearish news will be confirmed and trigger a sell-off, or will the market rebound once the bad news is out of the way?
#9月CPI来袭原油美债走势如何 #比特币反弹至8.3万美元上方 #比特币市占率回升至60%
The market traded in a narrow range last night, and liquidations were way down compared with before: 110,000 fewer traders were liquidated, and the total amount fell by more than $500 million. The main reason is a severe lack of market liquidity. With rate-hike expectations weighing on the market, a recovery in liquidity still seems a long way off. Before the bull market arrives, these days may be even tougher than 2022.
Tonight’s CPI data is the main event! Market expectations lean bearish, and the risk of inflation picking back up is significant.
If the data meets expectations, the odds of a Fed rate hike at the end of the month will rise.
The market’s only hope right now is whether crude oil prices can be brought down. If oil prices can’t be contained, the pressure ahead will only grow.
📍Key levels to watch:
$BTC : Support 81000, 78425｜Resistance 87550, 85150
You can trim the long position opened at 81150 on Monday and move your stop to breakeven.
$ETH : Support 2403, 2345｜Resistance 2850, 2695
Trim the position entered at 2415 on Monday and move your protective stop-loss higher.
$XAU Gold: CPI expectations are bearish, and the chart is showing a long squeeze while probing for a bottom. If the data comes in below expectations, a rebound may follow; if it significantly exceeds expectations, gold prices will remain under pressure.
SNDK: The 1-hour chart has seen a slight rebound. Whether it can form a bottom this week depends on whether the lows during the upcoming consolidation hold.
💡Prioritize managing your position size—surviving the market is what matters most!
CPI comes out tonight. Do you think the bearish news will be confirmed and trigger a sell-off, or will the market rebound once the bad news is out of the way?
#9月CPI来袭原油美债走势如何 #比特币反弹至8.3万美元上方 #比特币市占率回升至60%