BTC

1: Two hard indicators, MACD and RSI divergence, pointing upward with three incense sticks; according to conventional thinking, 73,000 is a good position to establish a short position;
But overall, the rally starting from 65,000 is an 1.618 extension of the previous bullish wave;
The conclusion is that while indicators show divergence, the candlesticks are digesting this through sideways consolidation;
This indicates a fact: the short-term pullback demand is being absorbed by the bullish resonance on the 4-hour timeframe.

2: The two mid-term projections given in yesterday’s quote are still valid; however, the probability of the white line is gradually increasing;
The variables are “staged rally” + “core CPI”
In the past, during the bullish arrangement starting from 65,000, each segmented rally that reached a new high would retrace to the support-resistance swap level;
If after the core CPI data, the candlestick pattern still shows “making new highs and retracing support-resistance swap levels to digest small-scale distribution,” then it’s highly likely to follow the white segment, with a secondary high near the previous drop’s high of around 76,000!

Therefore, the strategy remains “enter at key support-resistance levels + candlestick pattern changes,” whether to top out with a high short position (yellow line diagram two) or with a low long position (white line diagram three), depends on the candlestick pattern after the CPI data release;

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