On the evening of the 13th, BTC and ETH CPI data is coming, will it break the range?
Yesterday's news about the FBI opening a criminal investigation into Federal Reserve Chair Powell increased uncertainty, triggering market concerns about the Fed's independence and the long-term outlook for the US dollar. Although the White House stated that the US President did not instruct the Department of Justice to investigate Powell, this is obviously unlikely.
Currently, Bitcoin is in a range-bound consolidation, with technical indicators showing the price moving within the moving average convergence zone. Both short-term and long-term moving averages are flattening, reflecting a lack of market momentum. Despite recent three consecutive bullish candles on the 4-hour chart, suggesting a potential bullish reversal, trading volume has drastically shrunk (to 0), creating a clear divergence between price and volume, with a high risk of a false breakout.
BTC trading suggestion: short at 927-932, target 912, break below to see 905-89800
ETH trading suggestion: short at 3166-3180, target 3110, break below to see 3070-3040$BTC #加密市场观察
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On the evening of the 13th, BTC and ETH CPI data is coming, will it break the range?
Yesterday's news about the FBI opening a criminal investigation into Federal Reserve Chair Powell increased uncertainty, triggering market concerns about the Fed's independence and the long-term outlook for the US dollar. Although the White House stated that the US President did not instruct the Department of Justice to investigate Powell, this is obviously unlikely.
Currently, Bitcoin is in a range-bound consolidation, with technical indicators showing the price moving within the moving average convergence zone. Both short-term and long-term moving averages are flattening, reflecting a lack of market momentum. Despite recent three consecutive bullish candles on the 4-hour chart, suggesting a potential bullish reversal, trading volume has drastically shrunk (to 0), creating a clear divergence between price and volume, with a high risk of a false breakout.
BTC trading suggestion: short at 927-932, target 912, break below to see 905-89800
ETH trading suggestion: short at 3166-3180, target 3110, break below to see 3070-3040$BTC #加密市场观察