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Tonight's CPI data, not much to say, everyone pay attention to ⚠️ risk control.
Bitcoin's price after the US stock market opened yesterday showed a surge, with a bullish outlook, but the bulls did not stabilize above the resistance.
The four-hour price tested the upper band and faced resistance, while the daily chart tested the middle band and faced resistance, forming long upper shadows, and the price returned to the starting point. It is evident that the bears are still very strong, limiting the upward space. Since the bears are so strong, let's look for a rebound to short.
Expect a phased decline in the 87200-87600 region, targeting the 85000 level.
For a pullback, look for a phased rise in the 86000-85700 region, with a target of the 87500 level #BTC #ETH