10/15 Luo Yi’s Midday Bitcoin Market Analysis
Last night’s CPI data came out, with inflation higher than expected. The market immediately took a sharp plunge.
This drop doesn’t signal a reversal of the broader trend; it was just a short-term, aggressive shakeout triggered by the news. The big players used the data shock to shake out holders who couldn’t hold on to their positions. On the higher time frames, the overall bullish structure remains intact.
The market is now entering a period of consolidation, and the rebound has limited strength. Don’t get caught up in the moment and chase the highs. Wait patiently for a pullback, and look to enter once price reaches a suitable support level.
Trading plan
Wait for price to pull back to around 80100–80400 and stabilize before opening a long position.
Set your stop below 79800. If price breaks below that level, abandon the long setup.
Target 1: 81500
Target 2: 83000
There’s no need to rush into a trade. Wait patiently for price to pull back to the right level. Shakeouts can be highly volatile, so stick to your stop, manage your position size, and wait for a support opportunity before entering. Don’t chase the rally or enter ahead of time. $BTC #比特币再次跌破8.3万美元
Last night’s CPI data came out, with inflation higher than expected. The market immediately took a sharp plunge.
This drop doesn’t signal a reversal of the broader trend; it was just a short-term, aggressive shakeout triggered by the news. The big players used the data shock to shake out holders who couldn’t hold on to their positions. On the higher time frames, the overall bullish structure remains intact.
The market is now entering a period of consolidation, and the rebound has limited strength. Don’t get caught up in the moment and chase the highs. Wait patiently for a pullback, and look to enter once price reaches a suitable support level.
Trading plan
Wait for price to pull back to around 80100–80400 and stabilize before opening a long position.
Set your stop below 79800. If price breaks below that level, abandon the long setup.
Target 1: 81500
Target 2: 83000
There’s no need to rush into a trade. Wait patiently for price to pull back to the right level. Shakeouts can be highly volatile, so stick to your stop, manage your position size, and wait for a support opportunity before entering. Don’t chase the rally or enter ahead of time. $BTC #比特币再次跌破8.3万美元