$BTC
After last night's bearish CPI data, Bitcoin first moved down to 73.3K to liquidate positions below. This move was entirely expected. Then it only rose to 74.8K before hitting resistance and falling. Everyone thought it would liquidate some positions above at 75.6K, but instead it dropped straight down by $2,000. The impact of the bearish news was still quite significant.
74K has now also become resistance. There is no strength in the upward move, and it's already Wednesday, so this week's market direction is basically clear: sideways trading.
Most of the bearish news has come out during this period. Whether it was the CEX hack or bearish data, neither triggered a major panic sell-off.
Today, watch the area around 72,400 below; you can continue to go long.
#BTC现货ETF连续流出
After last night's bearish CPI data, Bitcoin first moved down to 73.3K to liquidate positions below. This move was entirely expected. Then it only rose to 74.8K before hitting resistance and falling. Everyone thought it would liquidate some positions above at 75.6K, but instead it dropped straight down by $2,000. The impact of the bearish news was still quite significant.
74K has now also become resistance. There is no strength in the upward move, and it's already Wednesday, so this week's market direction is basically clear: sideways trading.
Most of the bearish news has come out during this period. Whether it was the CEX hack or bearish data, neither triggered a major panic sell-off.
Today, watch the area around 72,400 below; you can continue to go long.
#BTC现货ETF连续流出
