Bitcoin Is Stuck Near $64K โ Is a Breakout Coming? ๐
$BTC is once again trading around the $63Kโ$64K area as traders look for the next major catalyst.
After the latest US inflation data, attention is shifting back to the Federal Reserve and the possibility of future rate moves. Bitcoin has struggled to break higher recently, but improving inflation trends could support risk assets if the Fed becomes more dovish.
The big question for today:
Can Bitcoin finally break out of this range, or are we heading for another pullback?
Bitcoin Faces Another Test Today: US PPI ๐๐บ๐ธ
After yesterdayโs CPI came in at 3.4% YoY, attention is now shifting to todayโs US PPI report.
$BTC is still trading around the $63Kโ$64K area, and the PPI could bring another wave of volatility as traders look for clues about inflation and future Fed policy.
A hotter-than-expected PPI could put pressure on risk assets, while a softer number could improve sentiment across crypto.
The big question is: will PPI finally give Bitcoin the catalyst for a breakout?
$BTC is trading in a tight range as the crypto market waits for todayโs US CPI data.
Inflation data could bring a strong move in Bitcoin and Ethereum, especially if the numbers change expectations around future Fed policy.
The interesting question is: will softer inflation give crypto the catalyst for a recovery, or will a hotter-than-expected CPI create another wave of selling?
Iโm watching $BTC and $ETH closely today. Volatility could increase quickly after the data is released.
What do you think โ bullish or bearish for Bitcoin after CPI? ๐
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[Replay] ๐๏ธ BTC is about to choose a direction, will it break 60,000??? Or continue to challenge 70,000? Come to the live room and pay attention to the major market turning point.
BTC: Whether it can crash or surge depends on the current market shift, Important to read: Hopefully, this is helpful to you, Today is the 1st day of the Lunar New Year, the morning of the 17th, At 5:20 AM, wishing everyone a Happy New Year, may you have great fortune soon, The biggest risk for BTC is if the MACD shows red in the 6-hour chart, it cannot keep showing red, Smaller levels can turn into larger trends, If 3 and 4 can show green bars on the MACD, it can stabilize at 70,000, Then the 6-hour chart will start moving, Short-term pressure is around 70,900, plus or minus 100 If 3 and 4's MACD shows green, then 71,000 will have a slight pullback, and then continue to oscillate and push up,
Strong resistance is at 72,000 and 75,000. When it reaches 72,000 and 75,000, it must be taken seriously; do not blindly chase long positions, consider shorting, Even if 72,000 gets trapped in a short, it's only temporary. Itโs fine to add shorts at 75,000 casually.
Note: Important resistance limit positions are 77,000โ79,000; whether it can reach that is uncertain,
The current quote is around 68,400. If not, first choose to go up, First choose to come down, first choose to decline, Pay attention to whether 65,500โ65,000 can hold, After reaching there, observe if smaller levels can stop the decline, set your stop loss, If possible, use 20 times leverage, take a light position, with targets around 68,000 and 70,000,
In plain and simple terms, what I mean is, after the wave above 60,000, I don't know whether it will stop at 72,000, 75,000, or at the extreme end. I don't know now. Once it ends and drops down, it's a big crash.
Wishing all brothers and sisters a Happy New Year, after reading, please comment, like ๐, comment โ share: share,
This article is not for short-term trading; itโs just about a top and a bottom, not about the middle. #ๅ ๅฏๅธๅบๅๅผน #ๆฏ็นๅธๅ่ท็ ด69000็พๅ
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Pay attention to San Ma Ge becoming rich and eating meat
ไธ้ฉฌๅฅ
ยท
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$BTC During the New Year, you must eat meat for this order. Please remember that Brother San Ma informed you 2 days in advance to prepare the feeding points, and yesterday on New Year's Eve, ETH had the first bite of meat. Even if you didn't trade Bitcoin, you should have at least done something, right?
Moreover, Brother San Ma even gave up dating for the New Year yesterday, telling you to continue holding BTC. When you wake up on the first day of the lunar new year, isn't the profit at least 100%? If you strictly follow the strategy, the profit is 160%! ๐ๆฅ่ไธๆ็่ฟไธคๅคฉๅ่ฟไฝฃไบ
I don't need you to analyze the market and feed yourself; just execute mindlessly. I see many people still copying my strategy ideas. Let me teach you a trick: block out the market noise and stop the noise in your own world, and the live broadcast has started. ๐[Feeding Records](https://app.binance.com/uni-qr/cpos/291957012287842?l=zh-CN&r=SDR9QGU2&uc=web_square_share_link&uco=YlhI6nVWAwXtxF1K2b4Utg&us=copylink)