September 12 BTC morning layout medium term strategy operation

#降息在即，ETH能否扭转弱势开启上涨行情？ #推荐3个值得关注的猫主题Meme币 #参与CATI PreMint交易，提前锁定空投收益！

The CPI data released on Wednesday showed that the US August unadjusted CPI annual rate was recorded at 2.5%, lower than the expected 2.6% and the previous value of 2.90%, which has been declining for the fifth consecutive month, reaching the lowest level since February 2021. The August unadjusted CPI monthly rate recorded 0.2%, which was in line with expectations and the previous value.

In August, the seasonally adjusted core CPI recorded an annual rate of 3.2%, unchanged from the previous value and in line with expectations, following four consecutive months of decline. The monthly core CPI recorded 0.3%, higher than the expected and previous value of 0.20%. According to CME's 'FedWatch', the probability of a 25 basis point rate cut by the Fed in September is 85%, and the probability of a 50 basis point rate cut is 15%. Before the CPI release, these probabilities were 71% and 29%, respectively.

Yesterday, BTC fell to around 55500 due to the impact of CPI in the evening, and then started to oscillate and rise. It rose to around 58000 at its highest point and then encountered resistance and fell. The recent market trends have been similar, with falls followed by rises in the evening. As I mentioned before, there is resistance near 58000 in the short term. Remember that the first entry point for the medium term was around 58000. I recommend everyone to follow the contraction trend of Li Hong's public account for the latest analysis. After looking at the bottom reversal, there is a second confirmation signal (a pullback to the rising trend line). Currently, the key challenge is the previous high level of resistance. If it can be effectively broken, there is a high probability of reversing the downtrend line of the long term. However, if it encounters resistance and falls back in the short term, it will once again test the bottom rising trend line.
#BTC #ETH
Personal operation advice:

BTC57700-58000 short, first target near 56000, second target near 53000
Short around 2360 to 2380, with the first target around 2200 and the second target around 1900.

The above article is written by Li Hongtrend, and the article only represents personal opinions. The positions on different platforms are inconsistent. The above analysis content only represents the author's personal opinions and does not constitute specific operations. The article is lagging behind, and trading based on this is at your own risk. Investment involves risks, please be cautious when entering the market.