Market Analysis
Let's break down the current situation; here’s the conclusion: overall bearish.
The biggest trap for bulls is the wicks forming below the weekly charts, giving off the impression that we might shoot up to create an upper wick at any moment.
Regarding the bearish setup: 1. Multiple time frame strong resistance, matrix edges, and a consecutive drop on the daily. 2. The most crucial signal is the ambiguous three-day line that just closed today, indicating a strong top signal.
On the news front: CPI is bearish, and there's a change in the Fed leadership on the 15th.
To interpret, the bearish CPI could impact the decisions of the new administration. Here’s the kicker: this recent rally has already priced in the benefits of the Fed's leadership change. When the 15th hits, will they be hawkish or dovish? Are they just playing puppet for Trump? I suspect they might start hawkish and then turn dovish.
In summary, aggressive traders might consider going short around 81800, with 82500 and 83100 being potential short entry points, provided the three-day line doesn’t drop significantly today and starts pushing up? $BTC
#瀑布
Let's break down the current situation; here’s the conclusion: overall bearish.
The biggest trap for bulls is the wicks forming below the weekly charts, giving off the impression that we might shoot up to create an upper wick at any moment.
Regarding the bearish setup: 1. Multiple time frame strong resistance, matrix edges, and a consecutive drop on the daily. 2. The most crucial signal is the ambiguous three-day line that just closed today, indicating a strong top signal.
On the news front: CPI is bearish, and there's a change in the Fed leadership on the 15th.
To interpret, the bearish CPI could impact the decisions of the new administration. Here’s the kicker: this recent rally has already priced in the benefits of the Fed's leadership change. When the 15th hits, will they be hawkish or dovish? Are they just playing puppet for Trump? I suspect they might start hawkish and then turn dovish.
In summary, aggressive traders might consider going short around 81800, with 82500 and 83100 being potential short entry points, provided the three-day line doesn’t drop significantly today and starts pushing up? $BTC
#瀑布