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#美国消费者物价指数发布在即 January 14th, Wednesday evening market analysis
In the 1-hour chart, the bearish candles have been pressing down, and the Bollinger Bands are tightening. Bulls and bears are fighting it out here, but clearly the bears have gained a slight advantage. Since the morning surge, the price has been steadily declining, and such a correction is actually quite normal. Several attempts to push higher in the middle have failed, and the pressure is becoming more evident.
Tonight's orders should follow the afternoon's strategy—short on rallies, don't chase the highs.
Specifically, look for a short position in the 95500-96000 range, with a target around 93000. The stop-loss setting depends on your position size. $BTC $ETH
The US CPI data is about to be released, and the market may fluctuate accordingly. Please pay attention to risk management.