A Brief Discussion on Bitcoin
The last trading day saw a V-shaped recovery. The short-term moving averages were trending down before the CPI, but the price was above them, continuously testing the support level around 118,000. After the data was released, a V-shaped reversal began, and Ethereum even reached a new high!
In the short term, the maximum bullish target for Lao Yao is the 120,000 level.
Nighttime Reference Plan
Set up a short position near 120,000 for Bitcoin.
Target for a pullback of around 1-2,000 points.
