Master Chen 5.14: Sharing of flexible trading strategies within the box range before the release of CPI #BTC走势分析 #比特币走势分析 #美国4月CPI通胀数据即将公布

BTC 1 hour:

Before the US released the April Consumer Price Index (CPI), Bitcoin went sideways after a considerable rebound. Although it once rose to the $63,000 mark, it still failed to stabilize above the previous high and is currently in the adjustment stage.

Therefore, Master Chen believes that only by breaking through the previous high of 63,300 mentioned in my analysis article yesterday can we expect further increases.

At present, before the release of the US CPI, the main players in the market are mostly in a wait-and-see state, which may also form a box-shaped oscillation range.

The first resistance of the day is 63,300, and the second resistance is 64,000. When the price breaks through the first resistance, we can expect a retest of the previous high of 64,000.

Because Master Chen believes that if the price wants to break through the upper resistance, the premise is to observe whether the previous low after the rise can be maintained.

The first support level of the day is 62300, and the second support is 61600. If the price holds the first support, we can try to layout a short-term rebound strategy. If it falls below, the downward pressure will increase greatly, and the opening price will drop to the second support of 61600.

BTC may go sideways before the release of CPI, so I can adopt a box trading strategy for the short term. Master suggests not to hold positions for a long time, but to respond flexibly within a certain profit range.

For today's trading suggestions, Master believes that it is better to operate flexibly within the box instead of determining the direction. Because the probability of sideways consolidation is expected to be higher. Usually before the release of important indexes, the market will go sideways, and wait for the release before the direction of the big move will appear.

In addition, please pay attention to avoid panic selling and washing due to unfavorable news after the release of the index, and be sure to set stop-profit and stop-loss points!

Please refer to these suggestions when trading

5.14 Master's short-term pre-buried orders:

Long entry reference: 61900-62200 range, long in batches, defense 500 points, target 63000-63300

Short entry reference: 63000-63300 range, short in batches, defense 500 points, target 62300-62000

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and the other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading. $BTC $ETH