Is 65,000 the bottom? Bitcoin will experience a major shakeup tonight!


1. The market is already starting to fear. The CPI inflation data will be released tonight at 9:30, and with the possibility of the government shutting down again, the crypto market and US stocks are falling in advance, with the Nasdaq dropping especially sharply. Will it fall further?
2. Actually, from the perspective of investment banks' expectations, tonight's CPI report is quite good, with a high probability of decreasing from 2.7% to 2.5%. Even if the CPI drops to 2.6% and doesn't meet expectations, it's still a decline. I think the likelihood of a bearish impact tonight is low; the chances of it remaining flat or being bullish are higher.
3. Especially considering that the crypto market and US stocks already declined early this morning, I personally remain optimistic. As for specific strategies, you could go long on ETH at the 1900 support level, and go long on BTC near the 65,000 support. For safety, you might take profits around 67,000 now, or take half profits and wait for the CPI release to see how things turn out.
BTC4,26%
ETH5,66%
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