#BTC The market has weakly rebounded after breaking below support, and it is very likely to directly test the lower band of the 8-hour chart. Consider opening long positions with narrow stops near the vicinity. Currently, the focus is on observation, with more watching and less action. Please reply with 1.


- Next Wednesday's CPI is critical. A surge in oil prices could have a very negative impact on CPI figures. If CPI data worsens, it will significantly affect the pace of rate cuts and may also impact the US stock market, which in turn could influence Bitcoin.
- Based on observations from FedWatch, the first rate cut may be delayed until July. This means we could see Bitcoin prices in the range of 50,000 to 55,000, or even below 40,000. For experienced traders, this is not a bad situation; lower prices are always the best opportunity for large positions to bottom out.
BTC-1,23%
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