8:30 PM terrifying data (CPI) is coming!
Currently, the market performance remains strong, even after a drop of about 5000 points the next day, today it has also recovered the general decline. Bitcoin is currently hovering around 103,000, and we are awaiting data for guidance on the upcoming market.
If the data is unfavorable, Bitcoin will continue to test the 100,000 mark. If it's favorable, the bulls will continue to push towards the 105,000 mark. Even if it meets expectations and has little impact, the market will likely experience a short-term technical rebound.
Light short positions in the 103,300-103,800 area; conservative traders can go short above 104,000, targeting the 101,000-100,000 area.
