Inflation data is the final piece, and market resilience is being tested.
These past couple of days, the market has been uneventful, with Bitcoin and Ethereum oscillating within their respective ranges. It seems ordinary, but in fact, it is accumulating energy for the key data release tonight. The CPI data at 21:30 is very likely to be the end of this stalemate.
My judgment remains unchanged—bearish outlook is still firm. There’s no need to sway before the data; just follow the trend and let the market give the answer.
**Current Trading Strategy**
For Bitcoin, consider short positions around 92,500. If it surges to 94,000, add to the position. The initial target is 89,000; if it breaks below that, then watch the 87,000 support level.
For Ethereum, open short positions around 3,150. If it rebounds to 3,200, continue adding to short positions, with the main target at 3,000. If it breaks lower, then focus on 2,900.
Once the data is released, the direction will become very clear.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Inflation data is the final piece, and market resilience is being tested.
These past couple of days, the market has been uneventful, with Bitcoin and Ethereum oscillating within their respective ranges. It seems ordinary, but in fact, it is accumulating energy for the key data release tonight. The CPI data at 21:30 is very likely to be the end of this stalemate.
My judgment remains unchanged—bearish outlook is still firm. There’s no need to sway before the data; just follow the trend and let the market give the answer.
**Current Trading Strategy**
For Bitcoin, consider short positions around 92,500. If it surges to 94,000, add to the position. The initial target is 89,000; if it breaks below that, then watch the 87,000 support level.
For Ethereum, open short positions around 3,150. If it rebounds to 3,200, continue adding to short positions, with the main target at 3,000. If it breaks lower, then focus on 2,900.
Once the data is released, the direction will become very clear.