$BTC
With the release of this week's CPI and last night's PPI and retail data, overseas media are saying the economy is stable, inflation is moderate, and interest rate cuts are imminent.
However, the impact of delayed tariffs has not fully manifested, and nobody is mentioning it, let alone the risks of stagflation brought on by other declining data, indicating that there is still some distance from actual interest rate cuts.
There are no stories behind the rise; sideways fluctuations and waiting for a decline may be more reliable.
The liquidity of the big cake has greatly decreased in the past few days, and the range-bound fluctuations are expected to continue. Pay attention to the 105000-106500 range; if it fails to break through, and falls below the current range, it will have the momentum for a continued decline.
Resistance levels: 105500, 104500
Support levels: 103500, 102800
Follow Nini for daily updates of exciting content
