Haven't kept up with the price action for a while
BTC has been stuck in a low-range chop for the past few days, just garbage price action
But that doesn’t affect the high shorts—quick in and out! I picked up some spot at 610 for short-term trades

Tonight, the <a>#CPI数据 </a> release is pretty much in line with expectations
It doesn’t really matter; the high inflation expectations have already been priced in with the recent drop
Who knows, we might be on the verge of a short squeeze rally!
And it’s quite likely that there will be a forced liquidation wave! Just waiting for Wash to drop the hammer

The key is that 608 can't break down
Resistance levels are as follows: 630~633, 643~648, 652~658, 668~672
Personally, I think the bounce limit is around 658

Right now, whether up or down, the chop time isn’t enough
Even if we’re going for a reversal, it’ll take a long period of consolidation
Even if we break below 6, it’ll need at least 4~8 hours of 3~5 wave action

From a market sentiment perspective, it’s very polarized
One side is looking for a 50k target, even 30k or 40k
The other side believes 59k is the iron bottom and is looking to catch the bottom

I think both sides have a point; only time will tell who’s right
For now, I’ll mostly be watching from the sidelines—slow trades, big gains!
Analysis for reference only, DYOR 😀