3.12 Afternoon BTC Swing, Short-term Scenario.



Yesterday, the U.S. released CPI data showing inflation continues to cool moderately, fully in line with market expectations: year-over-year increase of 2.4%, month-over-month 0.3%; core CPI remains at 2.5% YoY, the slowest growth in nearly five years, and MoM also slowed from 0.3% to 0.2%.

BTC under pressure is a short signal. During Asian trading, it dropped 1700 points. Yesterday or the day before, I kept emphasizing that resistance above has been persistent. Around 71,000 remains a strong resistance, and each time it reaches this level, it gets blocked out. So, shorting remains the main theme for today.

Direction: Rebound Short

Entry Point: Short at 703-706

Breakthrough Level: 800 points space

Target: 688-684-674#伊朗明确达成停火协议要求 $BTC
BTC1,23%
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