Tonight's market is a bit unusual! Bitcoin is once again testing the key level of 109700 US dollars. Although it hasn't stabilized yet, the bulls are clearly gathering strength! Jinte just noticed that the support at 108100 below is as solid as iron. Once the news aligns, there is a high probability that something big will happen tonight, possibly a sudden fluctuation of 1000 US dollars!
News: 8:30 tonight! Nuclear data is coming!
The US August core PCE price index year-on-year (previous value 2.90%, forecast value 2.90%), if the actual value is higher than 2.90%, the Federal Reserve may turn hawkish, and the crypto market may plunge instantly! If it is lower than 2.90%, the bull market may take off directly!
Jinte reminds: This data is the Federal Reserve's favorite inflation indicator, so keep a close eye on it! It is recommended to reduce positions and observe before the data is released to avoid liquidation!
Specific buying and selling points, when to escape the peak, Jinte will remind you in the village at the first time! After all, changes in the news are too fast!
Technical aspect: Keep a close eye on the key positions! Wait for Jinte's signal in the village!
The current price of BTC is 109132 USD, it has tested the resistance level of 109700 for the 4th time today but has not broken through. What does this indicate? The main force is deliberately wearing us down!
The strong support at 108100 below, as long as it does not break, the bulls still have a chance! Jinte suggests: Place orders to buy near 108100, set the stop loss at 107800!
The ETH/BTC exchange rate is lagging behind! The support at 0.035 has held, but momentum is weakening, altcoins may take the hit first! Don't rush to bottom-fish altcoins!
Don't talk to me about market sentiment, Jinte always finds support before building positions, never guesses blindly. Want to know the specific entry point and time? Jinte will make it public in the village, every operation has solid support from the technical or news aspects. Don't rush to be optimistic now, the bears haven't finished yet, take it steady, listen to me, going short on highs is the right way!
Jinte's exclusive suggestion:
Short-term: Buy high and sell low between 108100–109700, chase the long if it breaks 109700, target 110500!
Medium-term: Wait for the PCE data to be announced before layout. If favorable, directly increase BTC holdings; if unfavorable, bottom-fish around the ETH/BTC exchange rate of 0.035!
Never go all in! Reserve 50% of funds to cope with sudden volatility! At 8:20 tonight, Jinte will share layout suggestions in Jinte Village 10 minutes before the data is announced!
Brothers, are we bullish or bearish tonight? Share your views in the comments! Follow Jinte! For detailed points, find Jinte, Jinte will guide you step by step in the village to enjoy the meat!
