Faced with irregular market changes, #BTC has repeatedly rushed to 71,000 within three months, but all failed. After falling below the previous low of 56,000 recently, the panic index has been directly brought below 30, forming an M-top pattern.
I am a trader who focuses on trading techniques. I will refer to key data appropriately #CPI_BTC_Watch #美联储加息 . Other information will most likely be blocked and not used as a reference factor.
Yesterday's CPI data was 3%, in line with market expectations. The market rose in the short term, but failed to effectively break through the previous day's high and then fell back. The current price is 57300
exist#bitcoin☀️ 530000 can be used as the starting point for long positions for the following reasons:
1. Oversold + divergence of the RSI signal at the daily level. The last time the same signal appeared was around 23,000.
2. The interest rate cut is imminent, CPI data is positive, and ETFs are positive.
3. The trial and error cost here is low, and the profit and loss ratio is cost-effective
No matter what, stay rational and calm. Trade at a loss you can afford. The market will never change according to your will. I wish you all good fortune~
