Yesterday, many of the brothers who attended the class online were mostly trapped by positions set down south, with an average price basically around 11. After analyzing the market data, I believe that breakeven is definitely not a problem. Just control the liquidation price well, and don't let your position disappear when the price comes back.

Yesterday during the class, it was also mentioned that for those who are in a flat position, BTC 122K can head south, and this position is better than ours. For the long term, let's temporarily look at the level of 108K, which has now dropped almost 5K of space.

If we can smoothly reach the target position, the previous trapped positions can also take profits and exit. Currently, the daily BTC price is at an ascending wedge, with yesterday's high approaching 124k. It touched the upper trend line of the wedge and then the price fell. According to the low of this pattern, we can first look at 108k, and then 105k.

Today the CPI data is being released. If it's positive, it will be a good opportunity. Interest rate cuts won't happen so quickly; a rate cut now would only accelerate the end of the bull market cycle. In the evening, there will be a rebound to 118-9k. Those who haven't entered the market can continue to enter southbound #CPI数据来袭# .