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
BTC3,39%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)