Today's Market Analysis

Yesterday's CPI data release triggered BTC to follow scenario 2: a drop to 60,000 followed by a quick recovery. This means the previously mentioned strategy of "a false break below 60,000 offering a chance for a small long position to capitalize on a rebound" proved effective, as the price has now reached around 63,000. However, it's important to note that while the short-term rebound is strong, the overall structure hasn't truly reversed, and the 64,000 area remains a resistance zone. Those holding long positions can consider a break-even move to test the 64,000 area, but should not take profits back to losses. Furthermore, this week's SpaceX IPO is anticipated. Its massive size will have a significant draining effect on the market, putting pressure on riskier assets. The main strategy going forward is as follows: If the price reaches 64,000, consider shorting in batches with a small position, targeting around 61,000. Especially if the price approaches this area but fails to hold, the bias remains towards shorting. Only abandon shorting in one scenario: if BTC decisively and firmly establishes itself above 64,000. For ETH, watch the 1730 level. Before reaching this level, avoid chasing highs; the closer the rebound gets to resistance, the greater the risk. Yesterday's three trades were all successful, profiting from both long and short positions. If you want to follow my trades, check my profile for my QQ number. There are no requirements; just join me!