The small position I opened with a limit order at 74737 BTC yesterday was stopped out.
The other limit order at 73673 was filled later too.
It's currently hovering around 73800.
I'm not planning to stop out for now; I'll add to the position at 72300.
If it goes up, I'll take profit around 77000.
If it drops, I'll wait and see where it is before adding more.
For now, I still think it's likely to make another move up.
Over the past day, the main thing worth watching was US CPI coming in higher than expected, while ETF outflows continued.
US CPI rose 0.4% month over month in October, and inflationary pressures remain.
Nvidia fell another 5.5% on Tuesday, bringing its two-day decline to nearly 10%.
I don't dare touch Nvidia; I'm worried there could be another major surprise at any moment.
SanDisk, on the other hand, I picked up a small position at 791 and sold it yesterday at 890.
The data shows that spot BTC ETFs haven't improved either. They saw net outflows of about $201 million on Monday, with $213 million flowing out of IBIT alone.
Today I'll keep watching BTC's price action.
From last night to today, BTC fell to a low of $72,691, then rebounded to around 73800.
I just looked at the 4-hour chart. The price is still below the EMA20, and the RSI hasn't climbed back above 50.
This shows that a rebound has occurred, but the weak market structure hasn't changed.
This kind of choppy price action can be frustrating, so if you enter a position, be sure to manage its size carefully.
Next, I'm watching two levels:
1. Will the area around 72691 be tested again?
2. Can the rebound regain a foothold around 75000?
If it's just a brief bounce and the price can't reclaim key levels, I may exit for now.
I still wouldn't consider this a trend reversal just yet.
$BTC
#BTC #比特币 #CPI #ETF
The other limit order at 73673 was filled later too.
It's currently hovering around 73800.
I'm not planning to stop out for now; I'll add to the position at 72300.
If it goes up, I'll take profit around 77000.
If it drops, I'll wait and see where it is before adding more.
For now, I still think it's likely to make another move up.
Over the past day, the main thing worth watching was US CPI coming in higher than expected, while ETF outflows continued.
US CPI rose 0.4% month over month in October, and inflationary pressures remain.
Nvidia fell another 5.5% on Tuesday, bringing its two-day decline to nearly 10%.
I don't dare touch Nvidia; I'm worried there could be another major surprise at any moment.
SanDisk, on the other hand, I picked up a small position at 791 and sold it yesterday at 890.
The data shows that spot BTC ETFs haven't improved either. They saw net outflows of about $201 million on Monday, with $213 million flowing out of IBIT alone.
Today I'll keep watching BTC's price action.
From last night to today, BTC fell to a low of $72,691, then rebounded to around 73800.
I just looked at the 4-hour chart. The price is still below the EMA20, and the RSI hasn't climbed back above 50.
This shows that a rebound has occurred, but the weak market structure hasn't changed.
This kind of choppy price action can be frustrating, so if you enter a position, be sure to manage its size carefully.
Next, I'm watching two levels:
1. Will the area around 72691 be tested again?
2. Can the rebound regain a foothold around 75000?
If it's just a brief bounce and the price can't reclaim key levels, I may exit for now.
I still wouldn't consider this a trend reversal just yet.
$BTC
#BTC #比特币 #CPI #ETF
