Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
⚠️ Notes: Plagiarism is prohibi
When BTC previously fell to around 81500-82300, there was capital buying the dip to pump it back, indicating that the buying pressure at this level is strong.
Bitcoin has now rebounded to a key position, and both bulls and bears are in a fierce battle. It is recommended to wait for a rebound and focus on short positions.
You can wait for a rebound to short around 84300. This resistance level has seen multiple spikes and retreats, indicating strong pressure. The support for the short position is at 82300, and if it breaks, we look at 81000 #关税政策后市场分析# .