Bitcoin Faces Bearish Pressure Ahead of U.S. CPI Report
تم تحديثه
Tomorrow, the U.S. Consumer Price Index (CPI) report will be released. If the CPI exceeds expectations, this could lead to an increase in USD value, putting downward pressure on Bitcoin.
On the 4-hour BTCUSD chart, the downtrend has persisted from the 58,109 level, dropping further to a low of 53,068 before a slight recovery.
The 34-period EMA is positioned below the 89-period EMA, continuing to signal a "bearish" trend, which could drive another wave of price decline.
Key support: 54,952. If this level is broken, the price may fall to lower levels, such as 53,121, and could even drop further to 53,068.
Traders can wait for the price to reach the resistance zone of 58,109 or the 89-period EMA, then look for reversal signals to enter short positions. The target price will be around the support levels of 54,952 and 53,068.
On the 4-hour BTCUSD chart, the downtrend has persisted from the 58,109 level, dropping further to a low of 53,068 before a slight recovery.
The 34-period EMA is positioned below the 89-period EMA, continuing to signal a "bearish" trend, which could drive another wave of price decline.
Key support: 54,952. If this level is broken, the price may fall to lower levels, such as 53,121, and could even drop further to 53,068.
Traders can wait for the price to reach the resistance zone of 58,109 or the 89-period EMA, then look for reversal signals to enter short positions. The target price will be around the support levels of 54,952 and 53,068.
تم فتح الصفقة
This morning, on September 11th, Bitcoin (BTCUSD) is fluctuating around **56,853 USD**, having dropped approximately **1.42%** over the past 24 hours. The market is stabilizing after a sharp decline in August, where it recorded a loss of around **8%**.منشورات ذات صلة
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