During the live broadcast of Three Kingdoms College, CPI data hits heavily, will the market bear market sweep in again?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/7890471408 Bitcoin (BTC) intraday analysis 1. Technical aspects and price dynamics Backward trend: After hitting a historic high of $123218 on July 14th, Bitcoin experienced significant profit taking today, dropping to a low of $117386 (a drop of over 3%) and currently trading in the $117000-118000 range. Indicator signal: The 4-hour chart shows a high-level oscillation followed by a long upper shadow line, indicating heavy selling pressure above. The MACD fast and slow lines are approaching and there is a risk of a dead cross, indicating weakened momentum. RSI and MACD show short-term overbought, and caution should be exercised for further pullbacks to the support level of $114000 (key short closing area). 2. Key positions Resistance levels: $120000 (psychological threshold), $123200 (historical high). Support levels: $117000 (intraday short-term), $114000 (strong support), with a possible break down to $112000. 3. Operational suggestions Short position opportunity: If the rebound reaches the range of $117800-118500, you can take a light short position and target $116000, with a stop loss set above $119000. Multi order layout: If it falls to the support zone of $114000-112000 and stabilizes, it can be bought in batches to seek a rebound. Ethereum (ETH) intraday analysis 1. Technical aspects and price dynamics Linkage callback: Ethereum followed Bitcoin's decline, hitting a low of $2966 today and currently hovering between $2970-2980. The highest reached $3081 in the previous 24 hours, but failed to break through effectively. Indicator signal: The daily chart is blocked by the MA7 moving average (around $3000), and the 4-hour chart shows a top split structure, indicating weak short-term long positions. The trading volume has not significantly increased, and there is a strong wait-and-see sentiment in the market. 2. Key positions Resistance level: $3000 (psychological threshold), $3081 (previous high). Support levels: $2920 (short-term), $2780 (daily MA60 strong support). 3. Operational suggestions Short position opportunity: Rebound to the range of 2970-3000 US dollars to place a short position, with a target of 2920 US dollars and a break below 2850 US dollars. Be cautious with long orders: If it stabilizes in the $2780-2800 range, you can try to take a light long order and set a stop loss below $2750. Overall market dynamics and catalytic factors 1. Profit taking dominance: Bitcoin hit a new high and triggered large-scale long liquidation, with a total of $813 million in online short positions sold out within 24 hours (68% of short positions). 2. Policy expectation: The US Congress will review three key bills, including the Digital Asset Market Transparency Act, this week (known as the "Crypto Week" event), which may boost market confidence if passed. 3. Institutional trends: Bitcoin ETF continues to see capital inflows (net inflow of $1.18 billion in a single day last week), but short-term downward pressure still exists. Risk statement 1. Increased volatility: Weekend market conditions usually have low liquidity, and prices are easily amplified, so we need to be alert to the risk of market manipulation. 2. Impact of Trump's policies: His tariff policies and economic agenda may disrupt risk assets, and if the "crypto friendly" stance is obstructed, it may trigger selling pressure. Summary strategy Bitcoin: intraday bearish, focus on short selling opportunities in the resistance zone of $118800-119500, target $116000; If it falls to the support of $114000, you can try to go long in reverse. Ethereum: Rebound to $2970-3000, test short, target $2920; Long term orders need to wait for signals around $2780. Attention to altcoins: If SOL, ORDI, and others are linked to a callback, they can be operated in the appropriate frequency band. In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics! What will the market do next? Professor Pang Tong, who has ten years of theoretical and practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408. The live broadcast room will be broken down in detail Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.