Has BTC reached its peak? CPI data tonight will determine the direction! Latest range trading strategy unveiled
Many are asking: has Bitcoin already hit its peak? Will there be a major opportunity ahead?
Let's first clarify the market situation and key variables. Currently, Bitcoin remains in a range-bound consolidation, and tonight's U.S. CPI data at 21:30 will be the key catalyst to break the range.
The core trading strategy is clear: before the CPI data is released, maintain a cautious mindset, stick to light-position range trading throughout, and strictly manage risk to avoid sudden risks triggered by data volatility.
Support and resistance levels are clearly defined, making it easier to time entries and exits: on the support side, 90800-91000 is the key intraday strength/weakness dividing line, 90000-90300 is the core support zone, and 89000-89500 is the strong support defense line; on the resistance side, short-term pressure is concentrated at 91800-92300, while 92500-93000 is the strong resistance zone.
Specific trading strategy: when price retraces to the 90000-90300 range, consider light long positions with a target of 91800-92300;
If the price rallies to the 92000-92500 range, consider light short positions with the first target at 91000; if that level breaks, continue targeting 90000.