Let’s just say, when it’s time to take profits, we don’t hesitate hahaha 🤣
CPI is out, and both headline and core inflation rebounded across the board, coming in hotter than expected. Treasury yields shot straight up, and the Nasdaq and BTC plunged in response. September headline CPI was up 3.7% year over year, a jump from 3.4% last month, and 0.6% month over month. Core CPI was up 2.6% year over year, also hotter than expected, mainly driven by gasoline. Rate-hike expectations were pushed back up, Treasury yields strengthened, and risk assets took a hit.
On the charts, the short signal around 82699 caught this sell-off perfectly, with take-profit levels set progressively lower; price dipped to a low of 80344. On the 1-hour chart, price is now at 81966, with an entry at 82699, a trailing stop at 82734, and take-profit targets at 81217 and 79735. After dropping from 86,000, price had been consolidating around 83,000 for a while. The data release broke it down, and volatility picked up.
If price can’t get back above 82734, the first level to trade is 81217, followed by 79735. For now, let’s see whether this pullback can find support around 81,000!!!#CPI数据 #btc #创作者 $BTC
CPI is out, and both headline and core inflation rebounded across the board, coming in hotter than expected. Treasury yields shot straight up, and the Nasdaq and BTC plunged in response. September headline CPI was up 3.7% year over year, a jump from 3.4% last month, and 0.6% month over month. Core CPI was up 2.6% year over year, also hotter than expected, mainly driven by gasoline. Rate-hike expectations were pushed back up, Treasury yields strengthened, and risk assets took a hit.
On the charts, the short signal around 82699 caught this sell-off perfectly, with take-profit levels set progressively lower; price dipped to a low of 80344. On the 1-hour chart, price is now at 81966, with an entry at 82699, a trailing stop at 82734, and take-profit targets at 81217 and 79735. After dropping from 86,000, price had been consolidating around 83,000 for a while. The data release broke it down, and volatility picked up.
If price can’t get back above 82734, the first level to trade is 81217, followed by 79735. For now, let’s see whether this pullback can find support around 81,000!!!#CPI数据 #btc #创作者 $BTC