The recent trend of the crypto market is simply like 'an old lady with bound feet—long and stinky', wearing down people's patience! But come nightfall, it starts to 'get busy', occasionally causing a spike that makes those with positions' hearts race, while those without positions find it hard to resist watching.
Let's talk about today. In the morning, it was hard to push up, and I thought it could break this dull situation, but the next second it started to fall back, with the overall volatility throughout the day so small it made people question life. But I must remind everyone, don't be fooled by this superficial calm! The key point is, there’s a 'big event' tonight—CPI data is about to be released. From my years of experience in the crypto market, this data is likely to break the current balance and trigger a significant wave of volatility, so everyone needs to be fully alert!
Some old fans might know that I have already helped everyone outline a response strategy in advance and started planning countermeasures. Here’s a reminder for all friends: in this kind of market, do not be greedy in your operations; just test lightly, and make sure to have 'insurance' for your positions—set strict stop-losses! This is not empty talk but a hard rule summarized from countless lessons learned from blood and tears.
Looking back at the recent trends of mainstream currencies, it truly is a 'double kill for both bulls and bears, leaving no one untouched'! The market fluctuates back and forth without any continuity; to put it bluntly, it's a typical downward trend. As for the mainstream currencies that everyone is most concerned about, my personal judgment is that the target can be around 84000. The current market is completely dominated by the continuous 'drawing door' movement; it looks strong when it rises, but quickly retraces; it causes panic when it falls, only to rebound shortly after, with no clear direction for either rise or fall.
I dare say that many friends have suffered losses from overnight positions, right? Clearly making money the day before, but after a night's sleep, all the profits are gone. What's worse is that the price may not have changed much, but your position has already been 'swept out' by the market. That feeling is tough to bear! So in the current market situation, I personally do not recommend everyone to hold overnight positions; sometimes securing profits is more important than pursuing larger profits.
Now let's talk about the future trend. In my view, the current downward trend is likely to continue, but the process will certainly not be smooth sailing; it will likely be a complex pattern of going down and bouncing back. Many friends might think about bottom fishing or catching rebounds, but to be honest, in this kind of market, the rhythm and peaks of rebounds are really hard to grasp. A little carelessness can lead to being caught halfway up the mountain.
Next, I'll highlight the key points for everyone. The current key resistance area above that needs to be focused on is: the first is around 87000, where the price has been repeatedly testing this level but has not been able to stabilize; based on the current trend, the price is likely to encounter resistance and fall back at this level; the second is the range of 88000-88500. If it can break through 87000 and successfully stabilize, there is a high probability it will launch an attack on this range. But everyone should also be alert, as it is likely that reaching this range will trigger some stop-loss orders, leading to another round of retracement.
Overall, tonight's CPI data is crucial among the crucial, and the direction of future market movements will likely be set here. Everyone must be cautious in their operations and avoid blindly chasing trends; following the market rhythm is the way to go.
Finally, the old rules: friends who think my analysis makes sense, don't forget to like and follow! I will continue to track market dynamics and share my operational thoughts and views with everyone at the first opportunity. Follow me@链上标哥 , so you don't get lost!
