$ETH The United States announced the non-seasonally adjusted CPI year-on-year for May, recorded at 2.4%, lower than the expected 2.5%, and the previous value was 2.3% (market is bullish)
After the news was released, Bitcoin experienced a brief spike, but the evening's upward momentum was clearly insufficient. Despite the bullish news, it did not drive the market to continue rising.
Currently, although bullish sentiment is intense and market enthusiasm continues to rise, every upward push from Bitcoin has not achieved new breakthroughs. The resistance level above is quite strong, with the 111000/2850 position testing several times without success. The support level has moved up, and the market cannot drop, so it can only oscillate sideways, and the market is also making corrections.
In the evening, Yumi's long positions target 2820, and Auntie has already taken profits. If Bitcoin can achieve a new breakthrough, then the upper space will continue to open up, and 112000-115000 will not face much pressure. However, if momentum does not keep up, there is a high probability of a pullback in the next few days.
Friends holding Bitcoin can consider taking profits at high positions for stability based on their own situation. In the evening, the Silk Road will still follow the short-term pullback strategy. Once a pullback signal appears, it's best to exit immediately.