The pace has obviously slowed down in the past two days, a calm before the storm ahead of the CPI. Currently, we are in a phase of accumulation, and the subsequent trend remains unchanged as we continue to look downward. Yesterday, there was a perfect upward movement, and we are currently at a high point in the range where we can take advantage and head south. There is a high probability of a one-sided trend tonight, and there is space to arrange accordingly.

From a technical structure perspective, the short-term Bitcoin has rebounded strongly after hitting the bottom. Currently, there is resistance above. Looking at the MACD, the DIF has formed a golden cross above the DEA, but there hasn’t been much continuation. After a period of adjustment during the day, it will start to shrink in volume. Although it is relatively strong at the moment, it is not advisable to go short at this time. After all, the news is coming out tonight, and we will wait for the market reaction after the CPI is announced before making adjustments.

Bitcoin trading suggestion: near 110400 heading south

Target: 106500#美国政府停摆