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Guys, this market is getting more and more interesting! The 1-hour timeframe has already formed a standard inverse head and shoulders pattern, with the right shoulder just taking shape, and the neckline hovering around 84000. When the CPI data from the US comes out tonight, the market is expected to explode. If we can break through the neckline directly with this wave of news, the script for the bull's return will be promising! Today's trading hours suggest a strategy of shorting at 83500 and longing at the low, perfectly grasping both ends, achieving a double kill for both long and short positions, making profits. Do you feel the rhythm?
The inverse head and shoulders pattern itself is a reversal signal. Now the price is rubbing against the neckline, obviously waiting for a catalyst from the fundamental news. If the CPI is positive, the probability of a breakout surge is high; even if it is negative, the low point near 79,000 at the left shoulder can provide support, and a drop would actually be a second buying opportunity. So don't hesitate, the pullback is a chance to make money! It is recommended to continue holding long positions at low levels, lurking in the 79,500-80,000 range. Add positions directly upon breaking the neckline, with an initial target of 86,000! Remember, when the trend comes, dare to increase positions, but set stop-losses well and don't be stubborn. We'll see the results tonight! Friends who are unsure can join in together!
Short-term trading recommendations:
Bitcoin is long around 81800, with a target focus on around 86000; Ethereum is long around 1880, with a target focus on around 2000. #BTC #ETH