The broader market has fallen again, retesting the area around the 80,000 level. Based on the current price action, I personally think it will be difficult for the 80,000 level to hold. If it breaks decisively, the decline could accelerate further, so anyone looking to go long should be especially mindful of the risks.
After the U.S. CPI data was released last night, expectations of another rate hike this month increased somewhat, contributing to continued weakness in the broader market. There was hardly any meaningful rebound along the way. The liquidation map shows a relatively high concentration of short positions, so we should also watch for the risk of increased market volatility going forward.
My outlook for the broader market today: bearish.
It is still too early to call the area around 80,000 a bottom, and I personally think there is still room for further downside. Short-term short positions could be held for now, but be sure to take profits and manage risk. As for spot, I do not recommend rushing to buy the dip. Continue to wait patiently, and consider entering in stages or adding to positions only after the broader market shows clear signs of stabilizing.
Key levels to watch today:
BTC: Watch the 78,000–79,000 range below
ETH: Watch the 2,200–2,250 range below
SOL: Watch the 95–97 range below
Also, Warsh is scheduled to speak tomorrow evening, making this one of the key events to watch this week. The market is still waiting for further policy signals, and the content of his speech could affect subsequent price action.
Overall, the broader market remains weak. In the short term, watch for signs that the decline is bottoming out, and do not rush to call a bottom. At this stage, managing risk is more important than blindly buying the dip.
#9月CPI来袭原油美债走势如何 #BTC #ETH #solana
After the U.S. CPI data was released last night, expectations of another rate hike this month increased somewhat, contributing to continued weakness in the broader market. There was hardly any meaningful rebound along the way. The liquidation map shows a relatively high concentration of short positions, so we should also watch for the risk of increased market volatility going forward.
My outlook for the broader market today: bearish.
It is still too early to call the area around 80,000 a bottom, and I personally think there is still room for further downside. Short-term short positions could be held for now, but be sure to take profits and manage risk. As for spot, I do not recommend rushing to buy the dip. Continue to wait patiently, and consider entering in stages or adding to positions only after the broader market shows clear signs of stabilizing.
Key levels to watch today:
BTC: Watch the 78,000–79,000 range below
ETH: Watch the 2,200–2,250 range below
SOL: Watch the 95–97 range below
Also, Warsh is scheduled to speak tomorrow evening, making this one of the key events to watch this week. The market is still waiting for further policy signals, and the content of his speech could affect subsequent price action.
Overall, the broader market remains weak. In the short term, watch for signs that the decline is bottoming out, and do not rush to call a bottom. At this stage, managing risk is more important than blindly buying the dip.
#9月CPI来袭原油美债走势如何 #BTC #ETH #solana