BTC 4 hours: #美国4月CPI通胀数据即将公布
Yesterday, Bitcoin received short-term support in the $61,000 range and is currently in a small-scale rebound trend. Given the support in the $61,000 range, at this point in time, I will maintain the rebound view and be optimistic about the retracement after the downward trend breaks.
As the CPI index is released today, BTC may fluctuate significantly during the release period. If you hold positions before 21:30, it is recommended that you strictly set the take profit and stop loss.
The importance of this CPI release is that if inflation falls, it may lead to expectations of interest rate cuts. If CPI is lower than expected, bulls may make a comeback.
Today, the first resistance level is 62200, and the second resistance level is 63000. When the BTC price breaks through the first resistance level, the master expects that BTC may retrace to the range of 63000 US dollars.
Before the CPI release, Bitcoin fluctuated in a downtrend line. If the price breaks through the resistance of the downtrend line, then the master will turn bullish.
The first support of the day is 61460, and the second support is 61000. First of all, the first support is an important support line. If it falls below this support line in the short term, the BTC price will fall below the low point, and $61000 may be lost.
Therefore, once the price falls below this support, friends who hold long positions need to pay attention to the risk of a sharp decline.
Please refer to these suggestions when trading
5.15 Short-term pre-buried orders:
Long entry reference: 61000-61400 range, long in batches, defense 500 points, target 62000-62200
Reference for short entry: short in batches between 62900-63300, defense 500 points, target 62200-62000
