$BTC Our 6th order of 53500 has entered the market and continues to track🔥🔥
Judging from the second picture, the current 4-hour MACD trend is very strong, and it is estimated that there should be another wave of gains.
1. From a more pessimistic perspective: We first see if the previous high of 58100 will make a false breakthrough like last time, forming a double top; if it happens, we will quickly take profits on both long positions, and we can see It will most likely cover the gap (55600) that has risen rapidly since Monday, and it is necessary to observe whether there is a physical rebound. If it cannot support it, you can look down to the gap left by Bitcoin futures last week (53800). This will be the best entry point.
2. From a strong and optimistic perspective: We can see that when the 4-hour MACD momentum is strong, Bitcoin will choose to fall instead of falling. After the CPI data is released tomorrow, there will be a strong rise again, and there is no doubt that it will directly Break through 60,000 and then consolidate around 62,000. And this point of view is what I like to see the most‼ ️
3. Next, let me talk about why I think prices should rise smoothly after the CPI is released: tomorrow’s data, my guess is that it is better than expected (that is, it is unfavorable for interest rate cuts), but special attention should be paid to this‼ ️A 25-point interest rate cut in September is a high probability, so even if the data is unfavorable, there is at most a chance of rejecting a 50-point interest rate cut; but for the US economy, it can further prove that the US economy is not as bad as imagined, and even further shows that it is soft. Landing, such a trend can further promote the rise of US stocks and Bitcoin!
