Beware, be careful! If BTC drops, it will be a waterfall.
Yesterday, Trump announced a 90-day delay on tariffs, and BTC suddenly surged to around 83,000, with an intraday increase of nearly 9,000 dollars, which is very similar to when Trump announced the strategic reserves. Today, BTC has also been consolidating at a high level for a day, unable to drop, seemingly waiting for some kind of signal, likely related to tonight's CPI data. Regardless, this kind of high-level consolidation is a very dangerous signal; once it drops, it will lead to a significant decline. Therefore, there are generally two possibilities for BTC.
The first possibility: if BTC is to continue rising, it must first pull back. Today, there was indeed a pullback, but the depth of the pullback is far from sufficient for a rise. A pullback before an increase should at least reach around 80,000; if it doesn't reach that level, this extent is far from enough, meaning this pullback depth is not a signal for a rise and is far from sufficient.
The second possibility is like the last strategic reserve: whatever it rises, it will fall back down. Once it drops, it will be a waterfall. Therefore, this position is very dangerous; the first round will likely break 81,200, then approach around 80,000, possibly continuing to around 78,000!
Long positions at this level need to be very cautious; there is a very high possibility of being trapped. If you are in profit, it’s best to exit quickly; there is no need to gamble. Of course, there is a CPI data tonight, and this signal is uncertain. If it's positive, then it’s hard to say. This is my opinion, for reference only!
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