#BTC

BTC Market Analysis

Yesterday's big news directly caused a surge, returning above $80,000, with the highest price rising to around $83,500. At the same time, the CME chart has also completed its correction, so let's pay attention to the upcoming market trends!

In terms of trends: the daily support level remains effective and has not touched the support range, forming a double bottom upward structure near the previous low. The price has returned to $83,500. Currently, on the daily level, we should pay attention to the pressure position on the upper trend line in the range of $85,000-$85,800.

At the same time, the news-driven rise may not be sustained. Tonight, we have the US CPI data, and this tariff is a pause of 90 days for countries other than China, while increasing tariffs on China to 125%. Let's see our countermeasures today!