CPI is highly questioned, yesterday's oscillation approach was in line with expectations! 12.19 Bitcoin Auntie Strategy

The highly anticipated CPI data showed that U.S. core inflation in November dropped to a four-year low, but economists have reached a consensus on its "authenticity": there is something off about this report. In a CPI report severely distorted by a record-long government shutdown, several long-standing stubbornly high inflation categories seem to have almost disappeared out of thin air. The most prominent is housing costs, which account for about one-third of the Consumer Price Index, but prices in other categories such as air tickets and clothing also declined significantly. The night before yesterday, I gave a low point long strategy that was in line with expectations; after the CPI was released last night, it surged strongly, with Bitcoin gaining 3,000 points and Ethereum over 100 points. Due to market doubts about the data's authenticity, U.S. stocks ultimately retreated along with the crypto prices. Unfortunately, the short position points were just a little off and I didn't get it on the chart!

The daily chart shows Bitcoin closing two consecutive long upper shadow bearish candles, while Ethereum closed this morning with a long upper shadow doji. The price is near the lower Bollinger Band, with the KDJ three lines running at low levels, gradually diverging downward. The MACD has a dead cross heading down, volume slightly increasing, and indicators are relatively weak. The overall trend is a weak downward movement, but there is no strong downward break, so I am not overly bearish for now. Expect a rebound within the day!

12.19 Long Strategy:

Bitcoin retraces to 84800-85300, with a stop around 84000, target at 86000-87000-88000, and if broken, move stop-loss to 88500-89000-90000 to lock in profits accordingly!

Ethereum retraces to 2770-2800, with a stop around 2700, target at 2850-2880-2900, and if broken, move stop-loss to 2950-2980-3000 to lock in profits accordingly!

12.19 Short Strategy:

Bitcoin rebounds to 90000-90500, short one lot, with a stop around 91500, target at 89000-88000, and if broken, target at 87000-86000.

Ethereum rebounds to 3000-3030, short one lot, with a stop around 3070, target at 2950-2900, and if broken, target at 2850-2800.

Although CPI data is questioned by the market, the market is increasing the probability of the Federal Reserve cutting interest rates to rescue the market, so I am not overly bearish for now!#成长值抽奖赢金条和精美周边