Bitcoin Evening Thoughts
Judging from the CPI data released tonight, Bitcoin is slightly bullish for the market, and the overall direction is not strong. After the market reached the 44677 line, the market also fell to 40200. Judging from the technical indicators in the small hour chart, the Bollinger Bands are under pressure, the MACD indicator is moving downward, and the KDJ three lines are turning and moving downward. At present, there is still pressure above 42300. Therefore, it is recommended to short Bitcoin in the evening.
Recommendations
Short at 42000-42300, target 41500-41000
