#CPI数据来袭 8.13 Morning Market Overview: CPI data lower than expected, is a rate cut in September a certainty?

BTC closed this morning with upper and lower shadow candlesticks and a solid bullish candle; The U.S. July CPI data previous value 2.7, recorded 2.7, lower than expected 2.8; The probability of the Federal Reserve cutting rates in September is greater than 90%, perhaps similar to last year's first rate cut of 50 basis points.

11.83 support resonates with the trend line forming a multiple bottom, then rebounding to 12.03 facing resistance and falling back; if there is an opportunity to retest the trend line at 11.87, we can go long again, with a stop at 11.8, targeting 11.97 and 12.03; lying in wait for a short position at 12.03, with a stop at 12.08, targeting 11.94 and 11.89.

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