Wednesday Night Jingyi Trading Strategy Analysis

Tonight at 8:30 PM, the US February CPI data will trigger market volatility. Main conclusion: if the data is hotter than expected, bears will dominate; current support levels are fragile, so it’s advisable to go short on rallies.

From a technical perspective, Bitcoin is currently testing the 692 support level, with a rapid increase in the risk of a breakdown; if the decline continues, the primary target is directly at 68,300. If the data underperforms expectations, bears may directly push down to test the 68,000 support level.

Higher-than-expected CPI → Sticky inflation increases → Fed rate cut expectations are delayed → US dollar and Treasury yields strengthen → Liquidity tightens. As a high-risk asset, Bitcoin faces downward pressure; conversely, if the data is moderate, a short-term rebound to around 71,000 may be triggered, presenting a good shorting opportunity.

Trading Recommendations
BTC: Short in the 695-712 range, target 683-670, swing target 648
ETH: Short in the 2040-2080 range, target 2000-1970, swing target 1800

⚠️ Risk Warning

Data-driven market volatility is intense; beware of false breakouts and leverage liquidation risks. Be sure to operate with a light position.
#Gate蓝龙虾重磅上线