The big one is coming!! Tonight at $BTC , high-altitude "tightrope walking" CPI data and ETF decision, life and death in an instant!
The current BTC market resembles a thrilling high-altitude acrobatic performance; it appears lively on the surface, but is fraught with crises. On the technical side, bulls seem to have the upper hand, with price breaks and moving averages diverging, yet overbought signals sound like deafening alarms. RSI is overbought, and MACD diverges from volume and price, all indicating a potential fall from high altitude at any moment. The historical high of 122,450 is the tightrope that determines the success or failure of the performance; if it doesn't stand firmly on it, a 3,000-level crash could arrive at any time.
On the macro level, tonight is the "life and death moment" of this performance. The US CPI data acts like a ruthless referee; if the data exceeds expectations, interest rate hike expectations will rise, and the market along with BTC will plunge, with 118,000 possibly being the "fall point"; if it falls below expectations, interest rate cut expectations will strengthen, which may blow up the shorts and propel BTC to new heights of 124,000. Meanwhile, the SEC's delay of the Ethereum ETF decision is like a hidden weapon; a delay could lead ETH to lead the decline, dragging down BTC, while an unexpected approval might assist BTC in breaking the previous high.
Institutional and on-chain data also reveal the market's complex emotions. BlackRock's ETF net inflow is a glimmer of hope for support, but miner selling pressure, whale movements, and imbalance between longs and shorts are concerning. Overall, if BTC cannot firmly stand at 122,450 before 21:30, liquidating positions for safety is the best strategy. The real trading opportunities lie either in chasing the break of the previous high when CPI delivers unexpected positive news, or in bottom-fishing when prices crash to 118,000 after negative data. In this unpredictable market, only by remaining calm and strictly controlling risks can one navigate through this high-altitude acrobatics and reap their own brilliance.
If you find yourself in this situation! Unable to grasp the market direction, holding on when it's right, and stubbornly clinging when it's wrong! In the end, only a few fragments of silver remain! You can follow me! I'll help you turn the tide!
