#BTC Let’s review the trend after the release of yesterday’s cpi data:
1. Yesterday’s Immortal Guidance predicted that the currency price at 20:00 last night would fluctuate by 1,000 points after the CPI was announced. It was 58,600 at 20:00 and immediately shot up to 59,800 after the CPI was announced at 20:30, a fluctuation of nearly 1,200 points. , which is also in line with the mentality of retail investors. But I have to say that yesterday's two data are good news for expectations of interest rate cuts, so there is no expectation of a downward push at the moment, and it is a full 1,000 points higher than the 58,800 I originally looked at. But the market is what it is and can never be accurately predicted.
2. However, if there are any friends who followed me and entered the market at 59300/58500 the day before yesterday and yesterday, after the US stock market opened at 21:30 yesterday, you will definitely be unable to hide your joy, even if yesterday’s data was a huge profit from interest rate cuts, please pay attention‼ ️, I mean the positive news of interest rate cut expectations‼ ️However, the essence is that the growth of the U.S. economy is slowing down. For large companies, the data is a negative. Therefore, the U.S. stock market ushered in a retracement yesterday. For companies, they need to wait until interest rates are actually cut to be truly positive. , before that it was all just talk. As the U.S. stock market fell, Bitcoin also weakened, and now it fell to 57,300. Compared with the price at 20:00 yesterday, it just dropped by 1,300 points!
3. Putting aside market news, we still follow the currency price K-line and technical indicators. We are still bearish to 55500 and follow the operation method of the article shared on 7/11. You can see the article I shared yesterday.
