Tonight's Focus on US Stocks + Inflation! $BTC Consolidating and Waiting for Direction
Today, the market is fluctuating around 103.7k, a typical oscillation game, with neither bulls nor bears gaining the upper hand.
MA7 is pressing down on the 103.7k line, while MA30 is providing hard support at 102.2k.
If it breaks above 103.7k in the short term, bullish signals will shine, directly pushing towards 104k and above;
But if it falls below 102.2k, bears will exert force and it could easily slide down to 101k, which would be dangerous.
Trading volume has shrunk too sharply, with a volume ratio of -0.40% indicating that the market is pulling back, major funds are quietly waiting for opportunities, and retail investor sentiment is tense.
Don't expect a big market today; the sideways oscillation will continue, mainly waiting for tonight's US stock market opening and the US inflation data results. Everyone in the crypto space is focused on that; without solid news, no one dares to make big moves.
If the inflation data is bad, BTC may first drop sharply and then rebound; if it’s good, it could surge to test new highs.
Currently, the market is turbulent, walking alone is lonely; follow me for daily potential spot layouts and bull market strategy layouts.