Last night, the CPI data was released, and the price of Bitcoin quickly fell, retreating by two thousand points. I mentioned in the previous article that the CPI data was bearish, indicating a price drop, so yesterday's results were substantial.

The price found support at 94,000 and rebounded, reaching a high of 98,100, but it did not break through the 98,500 level. Overall, the price is still in a consolidation pattern. On the four-hour chart, the price is showing a wide range of box-like fluctuations around the Bollinger Bands. Currently, the price has fallen below the middle band, indicating a potential continuation towards yesterday's low. Therefore, today's strategy continues to look bearish.

On the weekly chart, the price has formed three consecutive bearish candles and is now forming a small doji. The MACD shows an increase in bearish momentum, with the fast and slow lines forming a death cross pointing downwards. A significant pullback is inevitable. First, we will see if the 94,000 low from yesterday is broken. If it falls below that, the price will likely continue to drop towards the 92,000 level.

Currently, I suggest that at around 96,200, you can directly go short, targeting a break below 94,000 to look for the 92,000 level. The levels are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei."

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。