CPI Countdown! Whales have taken action early, how should retail investors respond?
Tonight's US CPI data will determine Bitcoin's trend. Bitcoin is currently fluctuating in the range of $100,000 - $106,000, indicating intense competition between bulls and bears.
Institutional investors have reduced their holdings by $143 million in Bitcoin within 72 hours, increasing market selling pressure. From a technical perspective, $100,600 is a key support level; if maintained, it may challenge the high point of $106,600.
CPI data may trigger two types of trends:
Below expectations: may drive Bitcoin to break previous highs and challenge $120,000;
Above expectations: may temporarily dip to the $97,000 - $99,000 range.
Geopolitical factors should be noted, as altcoins generally have a 20%-30% pullback space. In the long run, $100,000 has become a strong support level, and after the market digests policy expectations, it will maintain high-level fluctuations, with opportunities for optimizing positions within the volatility.
For the upcoming layout direction, I will guide everyone to aim for high-profit opportunities in altcoins, with an expected space of over 10 times being feasible. Like + comment, and I will take you to layout the entire bull market together!
