#CPI数据来袭
Good morning on a new day this Friday!
Last night, after the CPI release, we continued to provide short selling strategies, looking down at 80,000 and 78,000 levels. The price of Bitcoin has been fluctuating downward from the 82,500 level, accelerating its decline to reach the 78,400 level during the early morning hours.
On the daily chart, after a strong bullish candle, it encountered resistance at the middle track. The K-line turned from bullish to bearish with the EMA15 fast line supporting at 79,700. The MACD has been consistently expanding downward, and the downward trend in volume is quite apparent. Although there is a short-term rebound, its strength is weak, and it has not recovered the losses; the overall pattern remains bearish. Therefore, in the evening strategy, as long as the rebound does not break, the focus remains on short selling.
On Friday morning, aggressive traders can consider lightly shorting near the current price of 79,500. If the rebound does not break 81,000, increase the short position, with the first level to watch below at 78,000. If it breaks down, continue to look towards 75,000. After confirming support on the dip, then consider short-term longs to catch the rebound.